Balmoral Resources (TSE:BAR) Trading Down 1.2% – What’s Next?

Balmoral Resources Ltd (TSE:BARGet Free Report)’s share price traded down 1.2% during mid-day trading on Monday . The stock traded as low as C$0.79 and last traded at C$0.80. 606,717 shares were traded 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 firm has a market cap of C$142.23 million and a P/E ratio of -66.67. The company has a quick ratio of 5.19, a current ratio of 5.28 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average price of C$0.80.

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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