Conroy Gold and Natural Resources (LON:CGNR) Trading Down 8.3% – Here’s What Happened

Conroy Gold and Natural Resources plc (LON:CGNR) shares dropped 8.3% during mid-day trading on Thursday . The company traded as low as GBX 3.62 ($0.05) and last traded at GBX 3.62 ($0.05). Approximately 1,874,802 shares were traded during mid-day trading, an increase of 216% from the average daily volume of 592,632 shares. The stock had previously closed at GBX 3.95 ($0.05).

Conroy Gold and Natural Resources Price Performance

The stock has a market capitalization of £2.40 million, a price-to-earnings ratio of -6.03 and a beta of 1.19. The stock has a fifty day moving average of GBX 2.84 and a 200-day moving average of GBX 4.63. The company has a quick ratio of 0.44, a current ratio of 0.13 and a debt-to-equity ratio of 22.42.

About Conroy Gold and Natural Resources

Conroy Gold and Natural Resources plc engages in the exploration and development of mineral properties in Ireland and Finland. The company primarily explores for gold, lead, antimony, and zinc deposits. It focuses on the Longford-Down Massif region for its exploration activities. The company was formerly known as Conroy Diamonds and Gold Plc and changed its name to Conroy Gold and Natural Resources plc in January 2011.