Golconda Gold (CVE:GG) Shares Down 19.1%

Golconda Gold Ltd. (CVE:GG) shares dropped 19.1% during mid-day trading on Monday . The company traded as low as C$0.27 and last traded at C$0.28. Approximately 70,383 shares traded hands during mid-day trading, an increase of 185% from the average daily volume of 24,676 shares. The stock had previously closed at C$0.34.

Golconda Gold Stock Performance

The firm has a market cap of C$15.68 million, a price-to-earnings ratio of -5.50 and a beta of 2.82. The business has a fifty day moving average of C$0.28 and a two-hundred day moving average of C$0.25. The company has a debt-to-equity ratio of 15.95, a quick ratio of 0.20 and a current ratio of 0.60.

Golconda Gold (CVE:GG) last posted its earnings results on Wednesday, May 29th. The company reported C($0.02) earnings per share for the quarter. Golconda Gold had a negative net margin of 21.18% and a negative return on equity of 6.46%. The business had revenue of C$2.97 million for the quarter. As a group, equities analysts expect that Golconda Gold Ltd. will post 0.05 earnings per share for the current fiscal year.

About Golconda Gold

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.