Desert Gold Ventures (CVE:DAU) Trading Up 25% – Here’s What Happened

Desert Gold Ventures Inc. (CVE:DAU) shares shot up 25% during mid-day trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 384,000 shares traded hands during mid-day trading, an increase of 168% from the average session volume of 143,384 shares. The stock had previously closed at C$0.06.

Desert Gold Ventures Price Performance

The stock’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.07. The firm has a market cap of C$16.87 million, a P/E ratio of -3.75 and a beta of 1.75. The company has a debt-to-equity ratio of 124.81, a current ratio of 1.53 and a quick ratio of 0.54.

Desert Gold Ventures Company Profile

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.