Lincoln Gold Mining (CVE:LMG) Trading Down 4% – Here’s What Happened

Lincoln Gold Mining Inc. (CVE:LMG) shares fell 4% during trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12. 500 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 22,834 shares. The stock had previously closed at C$0.13.

Lincoln Gold Mining Stock Performance

The business has a 50 day moving average price of C$0.19 and a two-hundred day moving average price of C$0.23. The company has a market cap of C$2.06 million, a P/E ratio of 0.18 and a beta of 1.96.

Lincoln Gold Mining Company Profile

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.