Golden Valley Mines (CVE:GZZ) Trading Down 2% – Should You Sell?

Shares of Golden Valley Mines Ltd. (CVE:GZZ) were down 2% during trading on Friday . The company traded as low as C$12.26 and last traded at C$12.49. Approximately 11,550 shares were traded during trading, a decline of 28% from the average daily volume of 16,029 shares. The stock had previously closed at C$12.74.

Golden Valley Mines Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 10.73 and a quick ratio of 8.71. The business’s 50 day moving average is C$12.49 and its 200 day moving average is C$12.49. The stock has a market cap of C$171.65 million and a price-to-earnings ratio of -520.42.

About Golden Valley Mines

Golden Valley Mines Ltd., together with its subsidiaries, engages in identifying, acquiring, and developing exploration and evaluation minerals in Canada. The company primarily explores for gold, copper, zinc, cobalt, silver, molybdenum, nickel, and platinum-group elements. Its assets include 17 exploration properties located in the Abitibi Greenstone Belt; the James Bay, Mistassini, and Otish regions of northern Quebec; the Nunavik region of northern Quebec; and the Athabasca Basin of Saskatchewan.