Anaconda Mining (TSE:ANX) Trading Down 1.9% – Should You Sell?

Anaconda Mining Inc. (TSE:ANX) shares dropped 1.9% during mid-day trading on Monday . The stock traded as low as C$0.51 and last traded at C$0.51. Approximately 21,992 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 122,595 shares. The stock had previously closed at C$0.52.

Anaconda Mining Trading Down 1.9 %

The company has a market cap of C$92.37 million and a PE ratio of -12.44. The company has a current ratio of 1.09, a quick ratio of 0.69 and a debt-to-equity ratio of 2.26. The business’s fifty day moving average is C$0.51.

Anaconda Mining Company Profile

Anaconda Mining Inc operates as a gold mining, development, and exploration company in Canada. It holds a 100% interest in the Point Rousse project comprising 6 mining leases and 7 mineral licenses with a total of 5,552 hectares located in the Baie Verte Mining District, Newfoundland; and the Goldboro Gold project comprising 37 contiguous claims covering an area of 592 hectares situated to the northeast of Halifax, Nova Scotia.