Core Gold (CVE:CGLD) Stock Price Down 3% – Here’s Why

Core Gold Inc (CVE:CGLDGet Free Report)’s share price traded down 3% on Wednesday . The company traded as low as C$0.16 and last traded at C$0.16. 44,699 shares traded hands during trading, a decline of 89% from the average session volume of 394,493 shares. The stock had previously closed at C$0.17.

Core Gold Trading Down 3.0 %

The firm’s 50-day simple moving average is C$0.16 and its 200 day simple moving average is C$0.16. The company has a debt-to-equity ratio of 210.57, a current ratio of 0.30 and a quick ratio of 0.00. The firm has a market capitalization of C$26.70 million and a price-to-earnings ratio of -7.62.

Core Gold Company Profile

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Core Gold Inc engages in acquiring, exploring, developing, and mining mineral concessions in Ecuador. The company primarily explores for gold, copper, and silver deposits. Its flagship asset is the 100% owned Dynasty District, a 50,000 hectare land package, which includes five production and exploration targets.

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