Algold Resources Ltd. (ALG.V) (CVE:ALG) Trading Down 3.3% – Here’s Why

Algold Resources Ltd. (ALG.V) (CVE:ALG) shares were down 3.3% during trading on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.15. Approximately 17,800 shares traded hands during trading, a decline of 45% from the average daily volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Trading Down 3.3 %

The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 19.21. The stock has a 50-day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.14. The firm has a market capitalization of C$4.04 million and a P/E ratio of -0.44.

About Algold Resources Ltd. (ALG.V)

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.