Highway 50 Gold (CVE:HWY) Shares Down 4% – What’s Next?

Highway 50 Gold Corp. (CVE:HWYGet Free Report) shares were down 4% on Monday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 380,000 shares traded hands during trading, an increase of 272% from the average daily volume of 102,182 shares. The stock had previously closed at C$0.13.

Highway 50 Gold Stock Performance

The company has a market cap of C$5.54 million, a P/E ratio of -1.33 and a beta of 0.08. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 61.21. The business has a fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.18.

Highway 50 Gold Company Profile

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Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.

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