Golconda Gold (CVE:GG) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Golconda Gold Ltd. (CVE:GGGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.30 and traded as low as C$0.25. Golconda Gold shares last traded at C$0.27, with a volume of 112,498 shares.

Golconda Gold Price Performance

The company has a debt-to-equity ratio of 16.35, a current ratio of 0.33 and a quick ratio of 0.20. The stock has a market capitalization of C$17.82 million, a price-to-earnings ratio of -6.25 and a beta of 2.80. The stock’s 50 day simple moving average is C$0.30 and its 200-day simple moving average is C$0.28.

About Golconda Gold

(Get Free Report)

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.

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