Katoro Gold (LON:KAT) Shares Down 7.5% – Here’s Why

Katoro Gold plc (LON:KATGet Free Report) shares dropped 7.5% during mid-day trading on Friday . The stock traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 11,088,865 shares changed hands during mid-day trading, an increase of 323% from the average daily volume of 2,619,935 shares. The stock had previously closed at GBX 0.05 ($0.00).

Katoro Gold Price Performance

The firm has a market capitalization of £784,000.00, a P/E ratio of -0.42 and a beta of 0.93. The stock’s fifty day simple moving average is GBX 0.06 and its 200 day simple moving average is GBX 0.08. The company has a debt-to-equity ratio of 1,296.49, a current ratio of 1.06 and a quick ratio of 1.36.

Katoro Gold Company Profile

(Get Free Report)

Katoro Gold plc operates as a gold and nickel exploration and development company in the United Kingdom, Cyprus, South Africa, and Tanzania. The company primarily explores for nickel, platinum group metals, copper, and gold deposits. It holds 65% interest in the Haneti project covering an area of approximately 5,000 square kilometers located in central Tanzania; and Blyvoor Tailings project located in South Africa.

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