Gossan Resources (CVE:GSS) Reaches New 52-Week Low – Time to Sell?

Gossan Resources Limited (CVE:GSSGet Free Report) shares hit a new 52-week low on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 75000 shares trading hands. The stock had previously closed at C$0.02.

Gossan Resources Stock Down 25.0 %

The company has a market capitalization of C$1.00 million, a P/E ratio of 2.00 and a beta of 1.63. The company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03.

About Gossan Resources

(Get Free Report)

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.

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