Cora Gold (LON:CORA) Stock Price Down 7.3% – Time to Sell?

Cora Gold Limited (LON:CORA) shares dropped 7.3% during mid-day trading on Friday. The company traded as low as GBX 9.50 and last traded at GBX 9.50. Approximately 252,673 shares were traded during trading, a decline of 36% from the average daily volume of 392,343 shares. The stock had previously closed at GBX 10.25.

Cora Gold Price Performance

The firm has a market cap of £72.70 million, a P/E ratio of -28.79 and a beta of 0.87. The stock has a 50 day moving average of GBX 10.37 and a 200 day moving average of GBX 9.59.

Cora Gold Company Profile

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.