EnGold Mines (CVE:EGM) Trading Down 12.5% – Should You Sell?

EnGold Mines Ltd. (CVE:EGM) shares fell 12.5% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. 218,500 shares changed hands during mid-day trading, an increase of 1,483% from the average session volume of 13,807 shares. The stock had previously closed at C$0.04.

EnGold Mines Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.01 and a debt-to-equity ratio of 29.40. The firm has a market capitalization of C$1.66 million, a PE ratio of -2.00 and a beta of -0.63. The stock has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.06.

EnGold Mines Company Profile

EnGold Mines Ltd. explores for and evaluates mineral properties in Canada. The company explores for gold, copper, and silver deposits. It holds 100% interest in the Lac La Hache property covering an area of 25,750 hectares located in the Cariboo region of central British Columbia, Canada. The company was formerly known as GWR Resources Inc and changed its name to EnGold Mines Ltd.