Golconda Gold Ltd. (CVE:GG – Get Free Report)’s share price was down 7.1% during mid-day trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 20,132 shares traded hands during trading, a decline of 51% from the average daily volume of 40,775 shares. The stock had previously closed at C$0.28.
Golconda Gold Price Performance
The company has a quick ratio of 0.20, a current ratio of 0.33 and a debt-to-equity ratio of 16.35. The company has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.27. The company has a market cap of C$17.82 million, a price-to-earnings ratio of -6.25 and a beta of 2.80.
About Golconda Gold
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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