Balmoral Resources (TSE:BAR) Shares Down 1.2% – Here’s What Happened

Balmoral Resources Ltd (TSE:BARGet Free Report)’s share price traded down 1.2% on Monday . The stock traded as low as C$0.79 and last traded at C$0.80. 606,717 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 712,691 shares. The stock had previously closed at C$0.81.

Balmoral Resources Price Performance

The stock’s 50 day moving average price is C$0.80. The stock has a market capitalization of C$142.23 million and a price-to-earnings ratio of -66.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.19 and a current ratio of 5.28.

About Balmoral Resources

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Balmoral Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, nickel, copper, cobalt, platinum, and palladium deposits. Its principal project is the Detour Trend gold project located in Quebec.

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