Pacton Gold (CVE:PAC) Trading Down 19.2% – What’s Next?

Pacton Gold Inc. (CVE:PAC)’s share price traded down 19.2% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. 44,000 shares traded hands during trading, a decline of 14% from the average session volume of 51,332 shares. The stock had previously closed at C$0.13.

Pacton Gold Trading Down 19.2 %

The company has a debt-to-equity ratio of 1.15, a quick ratio of 8.61 and a current ratio of 3.28. The firm has a fifty day moving average price of C$0.11 and a 200 day moving average price of C$0.11. The company has a market cap of C$5.72 million, a price-to-earnings ratio of -0.88 and a beta of 1.24.

About Pacton Gold

Pacton Gold Inc, a junior exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties. The company explores for gold deposits. It focuses on the exploration and development of high-grade gold properties located in the Red Lake gold rush in Ontario, Canada.