Gowest Gold (CVE:GWA) Trading 3.7% Higher

Gowest Gold Ltd. (CVE:GWA) traded up 3.7% during mid-day trading on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.14. 1,500 shares traded hands during trading, a decline of 99% from the average session volume of 183,350 shares. The stock had previously closed at C$0.14.

Gowest Gold Stock Performance

The firm has a market capitalization of C$93.94 million, a price-to-earnings ratio of -14.00 and a beta of 1.40. The company has a 50-day moving average price of C$0.09 and a 200-day moving average price of C$0.08. The company has a quick ratio of 0.34, a current ratio of 2.56 and a debt-to-equity ratio of 21.26.

Insider Buying and Selling

In other news, Director Peter Quintiliani bought 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average price of C$0.12 per share, with a total value of C$60,000.00. 84.94% of the stock is owned by corporate insiders.

About Gowest Gold

Gowest Gold Ltd. engages in the exploration and evaluation of gold mineral properties in Canada. The company focuses on the development of its 100% owned Bradshaw gold deposit, which is part of the North Timmins gold project located near Timmins, Ontario. It holds interest in the North Timmins Gold Project that covers one patented mining claim, 11 mining leases, and 56 unpatented mining claims covering an area of approximately 109 square kilometers in Evelyn, Gowan, Little, Prosser, Tully, and Wark Townships in the Timmins gold camp.