Algold Resources Ltd. (ALG.V) (CVE:ALG) Shares Down 3.3% – Should You Sell?

Algold Resources Ltd. (ALG.V) (CVE:ALG) fell 3.3% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.15. 17,800 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Price Performance

The stock has a 50 day moving average of C$0.14 and a 200-day moving average of C$0.14. The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 19.21. The stock has a market capitalization of C$4.04 million and a P/E ratio of -0.44.

Algold Resources Ltd. (ALG.V) Company Profile

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.