Amarillo Gold (CVE:AGC) Trading 2.4% Higher – Time to Buy?

Amarillo Gold Co. (CVE:AGCGet Free Report)’s share price shot up 2.4% during trading on Tuesday . The company traded as high as C$0.44 and last traded at C$0.44. 567,399 shares were traded during mid-day trading, an increase of 70% from the average session volume of 333,230 shares. The stock had previously closed at C$0.43.

Amarillo Gold Stock Up 2.4 %

The firm has a market cap of C$167.94 million and a price-to-earnings ratio of -33.46. The firm’s 50 day moving average price is C$0.43 and its two-hundred day moving average price is C$0.44. The company has a debt-to-equity ratio of 3.40, a current ratio of 11.17 and a quick ratio of 11.06.

Amarillo Gold Company Profile

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Amarillo Gold Corporation, a gold exploration company, engages in the acquisition and exploration of mineral properties, primarily in Brazil. The company's flagship property is the Mara Rosa project that comprises an area of 6,940 hectares of exploration tenements; and mining concessions, which cover an area totaling 2,553 hectares located near the village of Mara Rosa in the State of Goias.

Further Reading

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