EnGold Mines (CVE:EGM) Shares Down 12.5% – What’s Next?

EnGold Mines Ltd. (CVE:EGM) dropped 12.5% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.04. Approximately 218,500 shares were traded during mid-day trading, an increase of 1,483% from the average daily volume of 13,807 shares. The stock had previously closed at C$0.04.

EnGold Mines Stock Down 12.5 %

The stock has a market cap of C$1.45 million, a price-to-earnings ratio of -1.75 and a beta of -0.63. The firm has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 29.40, a current ratio of 0.01 and a quick ratio of 0.11.

About EnGold Mines

EnGold Mines Ltd. explores for and evaluates mineral properties in Canada. The company explores for gold, copper, and silver deposits. It holds 100% interest in the Lac La Hache property covering an area of 25,750 hectares located in the Cariboo region of central British Columbia, Canada. The company was formerly known as GWR Resources Inc and changed its name to EnGold Mines Ltd.