Shares of Tembo Gold Corp. (CVE:TEM – Get Free Report) dropped 11.1% during mid-day trading on Wednesday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 54,000 shares were traded during trading, a decline of 15% from the average daily volume of 63,688 shares. The stock had previously closed at C$0.18.
Tembo Gold Price Performance
The business’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.16. The company has a current ratio of 0.36, a quick ratio of 5.80 and a debt-to-equity ratio of 9.69. The firm has a market cap of C$16.86 million, a P/E ratio of -5.33 and a beta of 0.62.
Tembo Gold Company Profile
Tembo Gold Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Tanzania. The company primarily explores for gold deposits. Its flagship project is the Tembo gold property covering an area of 32 square kilometers located in the Lake Victoria goldfield district in northwest Tanzania.
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