Lexington Gold (LON:LEX) Shares Down 1.4% – Here’s What Happened

Lexington Gold Ltd (LON:LEX)’s stock price was down 1.4% during trading on Friday . The stock traded as low as GBX 3.26 ($0.04) and last traded at GBX 3.45 ($0.04). Approximately 1,037,449 shares traded hands during mid-day trading, an increase of 287% from the average daily volume of 267,778 shares. The stock had previously closed at GBX 3.50 ($0.04).

Lexington Gold Stock Performance

The company’s 50-day simple moving average is GBX 3.77 and its 200 day simple moving average is GBX 3.88. The stock has a market cap of £13.76 million, a P/E ratio of -17.00 and a beta of -1.04. The company has a current ratio of 1.79, a quick ratio of 0.91 and a debt-to-equity ratio of 11.78.

About Lexington Gold

Lexington Gold Ltd engages in the exploration and development of gold projects in the United States. It holds interest in the four projects that covers a combined area of approximately 1,550 acres in North and South Carolina, the United States. The company was formerly known as Richland Resources Ltd and changed its name to Lexington Gold Ltd in December 2020.