Highway 50 Gold (CVE:HWY) Stock Price Up 30% – Here’s What Happened

Highway 50 Gold Corp. (CVE:HWY) shares rose 30% on Monday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 1,000 shares changed hands during trading, a decline of 96% from the average daily volume of 23,886 shares. The stock had previously closed at C$0.10.

Highway 50 Gold Price Performance

The firm has a market cap of C$6.00 million, a PE ratio of -1.44 and a beta of 0.08. The stock has a 50 day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.19. The company has a debt-to-equity ratio of 61.21, a quick ratio of 0.15 and a current ratio of 0.18.

Highway 50 Gold Company Profile

Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.