Golconda Gold (CVE:GG) Shares Down 7.1% – Here’s What Happened

Golconda Gold Ltd. (CVE:GG)’s share price dropped 7.1% during mid-day trading on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26. Approximately 20,132 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 40,775 shares. The stock had previously closed at C$0.28.

Golconda Gold Stock Performance

The stock has a market capitalization of C$18.53 million, a price-to-earnings ratio of -6.50 and a beta of 2.80. The company has a debt-to-equity ratio of 16.35, a current ratio of 0.33 and a quick ratio of 0.20. The stock has a 50-day moving average of C$0.30 and a 200 day moving average of C$0.27.

Golconda Gold Company Profile

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.