NTM Gold (ASX:NTM) Trading 15.8% Higher

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NTM Gold Ltd (ASX:NTM)’s share price traded up 15.8% during mid-day trading on Wednesday . The company traded as high as A$0.07 ($0.05) and last traded at A$0.07 ($0.05), 4,306,767 shares changed hands during mid-day trading. An increase of 939% from the average session volume of 414,394 shares. The stock had previously closed at A$0.06 ($0.04).

The company has a debt-to-equity ratio of 2.53, a current ratio of 1.49 and a quick ratio of 1.46. The firm’s 50-day moving average price is A$0.06 and its 200 day moving average price is A$0.04. The firm has a market cap of $35.03 million and a P/E ratio of -22.00.

About NTM Gold (ASX:NTM)

NTM Gold Limited engages in the exploration of various mineral properties in Australia. Its principal property is the Redcliffe Gold project covering an area of approximately 170 square kilometers located in the Eastern Goldfields region, Western Australia. The company was formerly known as Northern Manganese Limited and changed its name to NTM Gold Limited in November 2016.

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