Shares of Golconda Gold Ltd. (CVE:GG – Get Free Report) dropped 5.8% during mid-day trading on Thursday . The company traded as low as C$0.25 and last traded at C$0.25. Approximately 23,000 shares were traded during trading, an increase of 9% from the average daily volume of 21,113 shares. The stock had previously closed at C$0.26.
Golconda Gold Stock Performance
The company has a debt-to-equity ratio of 13.51, a current ratio of 0.18 and a quick ratio of 0.20. The firm has a market cap of C$18.53 million, a price-to-earnings ratio of -5.20 and a beta of 2.67. The firm has a fifty day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.18.
Golconda Gold Company Profile
Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.
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