Golconda Gold (CVE:GG) Shares Down 10% – Time to Sell?

Golconda Gold Ltd. (CVE:GGGet Free Report) shares traded down 10% on Friday . The stock traded as low as C$0.25 and last traded at C$0.27. 112,498 shares traded hands during trading, an increase of 361% from the average session volume of 24,400 shares. The stock had previously closed at C$0.30.

Golconda Gold Price Performance

The firm has a 50-day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.28. The company has a market capitalization of C$17.82 million, a price-to-earnings ratio of -6.25 and a beta of 2.80. The company has a current ratio of 0.33, a quick ratio of 0.20 and a debt-to-equity ratio of 16.35.

Golconda Gold Company Profile

(Get Free Report)

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.

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