EnGold Mines (CVE:EGM) Stock Price Down 12.5% – Here’s Why

EnGold Mines Ltd. (CVE:EGM)’s share price fell 12.5% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. 218,500 shares changed hands during mid-day trading, an increase of 1,483% from the average session volume of 13,807 shares. The stock had previously closed at C$0.04.

EnGold Mines Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.01 and a debt-to-equity ratio of 29.40. The company has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$1.45 million, a price-to-earnings ratio of -1.75 and a beta of -0.63.

EnGold Mines Company Profile

EnGold Mines Ltd. explores for and evaluates mineral properties in Canada. The company explores for gold, copper, and silver deposits. It holds 100% interest in the Lac La Hache property covering an area of 25,750 hectares located in the Cariboo region of central British Columbia, Canada. The company was formerly known as GWR Resources Inc and changed its name to EnGold Mines Ltd.