Golconda Gold (CVE:GG) Stock Price Down 10% – What’s Next?

Golconda Gold Ltd. (CVE:GGGet Free Report) traded down 10% on Friday . The company traded as low as C$0.25 and last traded at C$0.27. 112,498 shares changed hands during trading, an increase of 361% from the average session volume of 24,400 shares. The stock had previously closed at C$0.30.

Golconda Gold Stock Performance

The company has a market cap of C$17.82 million, a P/E ratio of -6.25 and a beta of 2.80. The company has a quick ratio of 0.20, a current ratio of 0.33 and a debt-to-equity ratio of 16.35. The stock has a 50 day moving average price of C$0.30 and a two-hundred day moving average price of C$0.28.

Golconda Gold Company Profile

(Get Free Report)

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.

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