Goldbank Mining (CVE:GLB) Stock Price Down 27.1% – What’s Next?

Shares of Goldbank Mining Co. (CVE:GLB) fell 27.1% during mid-day trading on Friday . The company traded as low as C$0.35 and last traded at C$0.35. 37,700 shares traded hands during trading, an increase of 343% from the average session volume of 8,517 shares. The stock had previously closed at C$0.48.

Goldbank Mining Price Performance

The stock has a market capitalization of C$67.17 million, a P/E ratio of -35.00 and a beta of 0.47. The stock has a fifty day moving average price of C$0.43 and a 200 day moving average price of C$0.43.

Goldbank Mining Company Profile

Goldbank Mining Corporation engages in the exploration and development of mineral properties. The company primarily explores for gold deposits. It holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties located in the Klondike region of the Yukon Territory, Canada; and the Hasenfuss Quartz mineral claims situated in the Klondike region. The company was formerly known as Ballad Gold & Silver Ltd. and changed its name to Goldbank Mining Corporation in January 2009.