Gossan Resources (CVE:GSS) Sets New 12-Month Low – Here’s Why

Gossan Resources Limited (CVE:GSS) hit a new 52-week low on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 25000 shares changing hands. The stock had previously closed at C$0.02.

Gossan Resources Stock Performance

The stock has a market capitalization of C$1.34 million, a P/E ratio of 2.00 and a beta of 1.63. The business has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.03.

Gossan Resources Company Profile

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.