Snowline Gold (CVE:SGD) Trading Down 0.5% – What’s Next?

Shares of Snowline Gold Corp. (CVE:SGD) fell 0.5% during mid-day trading on Tuesday . The stock traded as low as C$5.37 and last traded at C$5.47. 59,144 shares changed hands during trading, a decline of 56% from the average session volume of 133,240 shares. The stock had previously closed at C$5.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price target on Snowline Gold from C$16.50 to C$17.25 in a research note on Tuesday, July 23rd.

Snowline Gold Stock Down 0.5 %

The business’s 50-day simple moving average is C$5.26 and its two-hundred day simple moving average is C$5.42. The firm has a market capitalization of C$867.00 million, a price-to-earnings ratio of -30.39 and a beta of 0.81.

Snowline Gold (CVE:SGD) last posted its earnings results on Tuesday, August 27th. The company reported C($0.05) earnings per share for the quarter.

Snowline Gold Company Profile

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.