First Mexican Gold (CVE:FMG) Shares Down 2.5% – Here’s What Happened

First Mexican Gold Corp (CVE:FMG)’s share price traded down 2.5% during trading on Monday . The company traded as low as C$0.39 and last traded at C$0.40. 58,211 shares were traded during trading, an increase of 55% from the average session volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Stock Performance

The firm has a market cap of C$17.52 million and a PE ratio of -131.67. The company has a 50-day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.40. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 20.62.

About First Mexican Gold

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.