Highway 50 Gold (CVE:HWY) Trading Up 4.2% – Here’s What Happened

Highway 50 Gold Corp. (CVE:HWY)’s stock price shot up 4.2% during mid-day trading on Wednesday . The company traded as high as C$0.38 and last traded at C$0.38. 1,500 shares were traded during mid-day trading, a decline of 96% from the average session volume of 39,384 shares. The stock had previously closed at C$0.36.

Highway 50 Gold Price Performance

The company’s 50-day simple moving average is C$0.28 and its 200 day simple moving average is C$0.22. 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 stock has a market capitalization of C$16.61 million, a price-to-earnings ratio of -4.00 and a beta of 0.08.

Highway 50 Gold Company Profile

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.