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

Visible Gold Mines Inc. (CVE:VGD – Get Free Report)’s share price dropped 20% on Saturday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 312,100 shares changed hands during trading, an increase of 324% from the average daily volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Price Performance

The company’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.12. The firm has a market capitalization of C$5.94 million, a price-to-earnings ratio of 2.67 and a beta of 2.24. The company has a current ratio of 0.10, a quick ratio of 1.56 and a debt-to-equity ratio of -25.18.

About Visible Gold Mines

(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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