Amarillo Gold (CVE:AGC) Shares Up 2.4% – Should You Buy?

Amarillo Gold Co. (CVE:AGCGet Free Report)’s share price shot up 2.4% during mid-day trading on Tuesday . The company traded as high as C$0.44 and last traded at C$0.44. Approximately 567,399 shares were traded during mid-day trading, an increase of 70% from the average session volume of 333,230 shares. The stock had previously closed at C$0.43.

Amarillo Gold Price Performance

The company has a quick ratio of 11.06, a current ratio of 11.17 and a debt-to-equity ratio of 3.40. The company has a market capitalization of C$167.94 million and a price-to-earnings ratio of -33.46. The stock’s 50-day moving average price is C$0.43 and its 200-day moving average price is C$0.44.

Amarillo Gold Company Profile

(Get Free Report)

Amarillo Gold Corporation, a gold exploration company, engages in the acquisition and exploration of mineral properties, primarily in Brazil. The company's flagship property is the Mara Rosa project that comprises an area of 6,940 hectares of exploration tenements; and mining concessions, which cover an area totaling 2,553 hectares located near the village of Mara Rosa in the State of Goias.

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