Gossan Resources (CVE:GSS) Reaches New 1-Year Low – Time to Sell?

Gossan Resources Limited (CVE:GSS)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 24000 shares traded. The stock had previously closed at C$0.02.

Gossan Resources Price Performance

The business’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The firm has a market cap of C$1.34 million, a price-to-earnings ratio of 2.00 and a beta of 1.63.

About Gossan Resources

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.