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

by · The Markets Daily

Visible Gold Mines Inc. (CVE:VGD – Get Free Report)’s stock price fell 20% during mid-day trading on Friday . 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 business has a 50 day moving average of C$0.15 and a 200 day moving average of 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 debt-to-equity ratio of -25.18, a current ratio of 0.10 and a quick ratio of 1.56.

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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