Granada Gold Mine (CVE:GGM) Trading Down 18.8% – What’s Next?

by · The Cerbat Gem

Granada Gold Mine Inc. (CVE:GGM – Get Free Report)’s share price fell 18.8% during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.07. 3,877,515 shares traded hands during trading, an increase of 609% from the average session volume of 546,996 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Trading Down 7.7%

The firm’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The company has a market capitalization of C$9.91 million, a price-to-earnings ratio of -6.00 and a beta of 4.10.

Granada Gold Mine Company Profile

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.

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