Desert Gold Ventures (CVE:DAU) Shares Down 15% – Here’s What Happened

Desert Gold Ventures Inc. (CVE:DAU) shares were down 15% during mid-day trading on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 1,566,440 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 1,292,361 shares. The stock had previously closed at C$0.10.

Desert Gold Ventures Price Performance

The business’s 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.07. The company has a market capitalization of C$24.34 million, a P/E ratio of -7.50 and a beta of 0.81. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 124.81.

Desert Gold Ventures Company Profile

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.