First Mexican Gold (CVE:FMG) Shares Down 2.5% – Here’s Why

First Mexican Gold Corp (CVE:FMG)’s stock price dropped 2.5% on Wednesday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 58,211 shares were traded during trading, an increase of 55% from the average daily volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Price Performance

The stock has a market cap of C$17.52 million and a price-to-earnings ratio of -131.67. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 20.62. The company’s fifty day moving average is C$0.39 and its two-hundred day moving average is C$0.40.

First Mexican Gold Company Profile

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.