Anaconda Mining (TSE:ANX) Shares Down 1.9% – Time to Sell?

Anaconda Mining Inc. (TSE:ANXGet Free Report)’s stock price traded down 1.9% on Monday . The stock traded as low as C$0.51 and last traded at C$0.51. 21,992 shares were traded during mid-day trading, a decline of 82% from the average session volume of 122,595 shares. The stock had previously closed at C$0.52.

Anaconda Mining Stock Performance

The business’s 50-day simple moving average is C$0.51. The company has a quick ratio of 0.69, a current ratio of 1.09 and a debt-to-equity ratio of 2.26. The company has a market capitalization of C$92.37 million and a price-to-earnings ratio of -12.44.

About Anaconda Mining

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Anaconda Mining Inc operates as a gold mining, development, and exploration company in Canada. It holds a 100% interest in the Point Rousse project comprising 6 mining leases and 7 mineral licenses with a total of 5,552 hectares located in the Baie Verte Mining District, Newfoundland; and the Goldboro Gold project comprising 37 contiguous claims covering an area of 592 hectares situated to the northeast of Halifax, Nova Scotia.

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