Freegold Ventures (TSE:FVL) Trading Down 3.8% – What’s Next?

Shares of Freegold Ventures Limited (TSE:FVL) were down 3.8% during trading on Wednesday . The company traded as low as C$0.77 and last traded at C$0.77. Approximately 142,617 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 278,116 shares. The stock had previously closed at C$0.80.

Freegold Ventures Price Performance

The stock has a market capitalization of C$326.25 million, a P/E ratio of -63.00 and a beta of 2.52. The business’s 50 day moving average price is C$0.96 and its 200 day moving average price is C$0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.25 and a quick ratio of 3.72.

Freegold Ventures Company Profile

Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious and base metal properties in the United States and Canada. The company explores for gold, copper, silver, cobalt, and tungsten deposits. It holds interests in the Golden Summit property that consists of 53 patented and 107 unpatented federal claims comprises 240 State of Alaska claims that cover a total area of 5,971.6 hectares; and Shorty Creek property comprises 328 State of Alaska mining claims covering an area of 31,478 acres located in Alaska, the United States.