Desert Gold Ventures (CVE:DAU) Reaches New 1-Year High – Still a Buy?

Desert Gold Ventures Inc. (CVE:DAUGet Free Report) shares hit a new 52-week high on Monday . The stock traded as high as C$0.11 and last traded at C$0.11, with a volume of 685480 shares changing hands. The stock had previously closed at C$0.10.

Desert Gold Ventures Price Performance

The business’s 50-day simple moving average is C$0.09 and its 200-day simple moving average is C$0.08. The stock has a market cap of C$32.46 million, a PE ratio of -7.50 and a beta of 0.81. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 124.81.

About Desert Gold Ventures

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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.

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