Visible Gold Mines (CVE:VGD) Shares Down 20% – Here’s What Happened
by Michael Walen · The Markets DailyVisible Gold Mines Inc. (CVE:VGD – Get Free Report)’s share price dropped 20% during trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 312,100 shares were traded during mid-day 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 Stock Down 20.0%
The company has a debt-to-equity ratio of -25.18, a current ratio of 0.10 and a quick ratio of 1.56. The company has a market capitalization of C$5.94 million, a price-to-earnings ratio of 2.67 and a beta of 2.24. 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.
Visible Gold Mines Company Profile
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.