AEX Gold (CVE:AEX) Trading Down 1.6% – Should You Sell?

AEX Gold Inc. (CVE:AEX)’s share price dropped 1.6% during mid-day trading on Friday . The stock traded as low as C$0.62 and last traded at C$0.62. Approximately 8,500 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 28,496 shares. The stock had previously closed at C$0.63.

AEX Gold Price Performance

The business has a 50-day moving average price of C$0.62 and a 200 day moving average price of C$0.62. The company has a market cap of C$109.80 million and a price-to-earnings ratio of -4.31. The company has a current ratio of 19.90, a quick ratio of 19.77 and a debt-to-equity ratio of 2.09.

About AEX Gold

AEX Gold Inc engages in the acquisition, exploration, and development of mineral properties in Greenland. It holds interests in licenses covering an area of 7,615.85 square kilometers located in South Greenland. The company was formerly known as Alopex Gold Inc and changed its name to AEX Gold Inc in June 2018. AEX Gold Inc was incorporated in 2017 and is headquartered in Toronto, Canada.