Visible Gold Mines (CVE:VGD) Trading Down 20% – Here’s Why

by · The Cerbat Gem

Shares of Visible Gold Mines Inc. (CVE:VGD – Get Free Report) fell 20% during mid-day trading on Saturday . The stock traded as low as C$0.16 and last traded at C$0.16. 312,100 shares changed hands during mid-day trading, an increase of 324% from the average session volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Trading Down 20.0%

The company has a quick ratio of 1.56, a current ratio of 0.10 and a debt-to-equity ratio of -25.18. The firm has a 50 day moving average price of C$0.15 and a two-hundred day moving average price of C$0.12. The company has a market cap of C$5.94 million, a price-to-earnings ratio of 2.67 and a beta of 2.24.

Visible Gold Mines Company Profile

(Get Free Report)

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

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