EnGold Mines (CVE:EGM) Stock Price Down 12.5% – Should You Sell?

EnGold Mines Ltd. (CVE:EGMGet Free Report) shares fell 12.5% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.04. 218,500 shares traded hands during trading, an increase of 1,483% from the average session volume of 13,807 shares. The stock had previously closed at C$0.04.

EnGold Mines Stock Performance

The stock has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 29.40, a quick ratio of 0.11 and a current ratio of 0.01. The stock has a market capitalization of C$1.66 million, a price-to-earnings ratio of -2.00 and a beta of -0.63.

EnGold Mines Company Profile

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EnGold Mines Ltd. explores for and evaluates mineral properties in Canada. The company explores for gold, copper, and silver deposits. It holds 100% interest in the Lac La Hache property covering an area of 25,750 hectares located in the Cariboo region of central British Columbia, Canada. The company was formerly known as GWR Resources Inc and changed its name to EnGold Mines Ltd.

Further Reading

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