Algold Resources Ltd. (ALG.V) (CVE:ALG) Stock Price Down 3.3% – Here’s Why

Algold Resources Ltd. (ALG.V) (CVE:ALG)’s share price traded down 3.3% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.15. 17,800 shares were traded during mid-day trading, a decline of 45% from the average session volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Stock Down 3.3 %

The firm has a 50-day moving average price of C$0.14 and a two-hundred day moving average price of C$0.14. The company has a market capitalization of C$4.04 million and a price-to-earnings ratio of -0.44. The company has a debt-to-equity ratio of 19.21, a current ratio of 0.04 and a quick ratio of 0.03.

About Algold Resources Ltd. (ALG.V)

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.