Gossan Resources (CVE:GSS) Stock Price Down 16.7%

Shares of Gossan Resources Limited (CVE:GSS) dropped 16.7% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 96,000 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 57,091 shares. The stock had previously closed at C$0.03.

Gossan Resources Trading Up 20.0 %

The business’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.04. The company has a market capitalization of C$2.00 million, a price-to-earnings ratio of 3.00 and a beta of 1.66.

Gossan Resources Company Profile

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the sturgeon lake greenstone belt of northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.