Stellar AfricaGold (CVE:SPX) Trading 42.9% Higher – Still a Buy?

Stellar AfricaGold Inc. (CVE:SPX)’s stock price rose 42.9% during mid-day trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 774,600 shares changed hands during mid-day trading, an increase of 406% from the average daily volume of 153,027 shares. The stock had previously closed at C$0.07.

Stellar AfricaGold Trading Down 4.8 %

The business has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.08. The company has a current ratio of 0.38, a quick ratio of 2.95 and a debt-to-equity ratio of 201.45. The stock has a market capitalization of C$2.41 million, a price-to-earnings ratio of -2.00, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74.

About Stellar AfricaGold

Stellar AfricaGold Inc, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Canada, Republic of Mali, and the Kingdom of Morocco. The company primarily explores for gold deposits. Stellar AfricaGold Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.