Cora Gold (LON:CORA) Stock Price Up 3.7% – Here’s Why
by Scott Moore · The Cerbat GemCora Gold Limited (LON:CORA – Get Free Report) shares rose 3.7% during trading on Friday . The stock traded as high as GBX 7 and last traded at GBX 7. Approximately 346,200 shares were traded during trading, a decline of 22% from the average daily volume of 442,621 shares. The stock had previously closed at GBX 6.75.
Cora Gold Stock Up 3.7%
The business has a 50-day simple moving average of GBX 6.37 and a two-hundred day simple moving average of GBX 7.39. The company has a market capitalization of £33.94 million, a price-to-earnings ratio of -24.14 and a beta of 0.46. The company has a debt-to-equity ratio of 64.34, a quick ratio of 5.23 and a current ratio of 1.05.
Cora Gold Company Profile
Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.
The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.