Golconda Gold (CVE:GG) Sets New 52-Week High – Here’s What Happened

Shares of Golconda Gold Ltd. (CVE:GGGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.46 and last traded at C$2.38, with a volume of 85167 shares trading hands. The stock had previously closed at C$2.40.

Golconda Gold Trading Up 2.0%

The company has a 50 day moving average of C$2.02 and a 200-day moving average of C$1.46. The stock has a market cap of C$186.36 million, a price-to-earnings ratio of 26.10 and a beta of 4.24. The company has a debt-to-equity ratio of 15.32, a quick ratio of 0.20 and a current ratio of 0.31.

Golconda Gold Company Profile

(Get Free Report)

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. in October 2022. The company is headquartered in Toronto, Canada.

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