First Mexican Gold (CVE:FMG) Stock Price Down 2.5% – Time to Sell?

First Mexican Gold Corp (CVE:FMG)’s share price traded down 2.5% on Wednesday . The stock traded as low as C$0.39 and last traded at C$0.40. 58,211 shares traded hands during mid-day trading, an increase of 55% from the average daily volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Price Performance

The company has a 50 day simple moving average of C$0.39 and a 200-day simple moving average of C$0.40. The stock has a market cap of C$17.52 million and a price-to-earnings ratio of -131.67. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 20.62.

About First Mexican Gold

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.