Durango Resources (CVE:DGO) Trading 25% Higher – Time to Buy?

Shares of Durango Resources Inc. (CVE:DGOGet Free Report) were up 25% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 279,000 shares changed hands during trading, an increase of 57% from the average daily volume of 177,243 shares. The stock had previously closed at C$0.04.

Durango Resources Price Performance

The firm has a market capitalization of C$4.71 million, a P/E ratio of -1.00 and a beta of 1.49. The company’s 50 day moving average price is C$0.03 and its 200 day moving average price is C$0.03.

Durango Resources Company Profile

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Durango Resources Inc engages in the acquisition and exploration of precious and base mineral resource properties in Canada. It holds 100% interest in a group of properties totaling approximately 9,500 hectares located in the Windfall Lake gold camp in the Abitibi region of Québec, Canada. The company was formerly known as Atocha Resources Inc and changed its name to Durango Resources Inc in February 2013.

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