Golconda Gold (CVE:GG) Shares Up 25.7% – Here’s Why

Golconda Gold Ltd. (CVE:GGGet Free Report)’s stock price was up 25.7% during mid-day trading on Thursday . The stock traded as high as C$0.48 and last traded at C$0.47. Approximately 521,958 shares were traded during trading, an increase of 869% from the average daily volume of 53,878 shares. The stock had previously closed at C$0.37.

Golconda Gold Price Performance

The company has a market cap of C$23.49 million, a PE ratio of -8.99 and a beta of 2.80. The stock has a fifty day moving average price of C$0.35 and a 200-day moving average price of C$0.31. The company has a debt-to-equity ratio of 15.32, a current ratio of 0.31 and a quick ratio of 0.20.

Golconda Gold Company Profile

(Get Free Report)

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.

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