Gossan Resources (CVE:GSS) Shares Up 33.3% – Here’s What Happened

Gossan Resources Limited (CVE:GSS) was up 33.3% during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.04. Approximately 478,200 shares were traded during trading, an increase of 404% from the average daily volume of 94,863 shares. The stock had previously closed at C$0.03.

Gossan Resources Price Performance

The firm has a market cap of C$2.70 million, a price-to-earnings ratio of -4.00 and a beta of -1.11. The business’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

About Gossan Resources

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.