Romios Gold Resources (CVE:RG) Shares Down 25% – Here’s Why

by · The Markets Daily

Romios Gold Resources Inc. (CVE:RG – Get Free Report)’s share price dropped 25% during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 1,364,333 shares traded hands during mid-day trading, an increase of 833% from the average daily volume of 146,243 shares. The stock had previously closed at C$0.04.

Romios Gold Resources Stock Down 25.0%

The company has a market capitalization of C$9.84 million, a price-to-earnings ratio of -13.51 and a beta of 3.06. The company has a debt-to-equity ratio of 75.09, a current ratio of 0.14 and a quick ratio of 1.32. The firm’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03.

Romios Gold Resources Company Profile

(Get Free Report)

Romios Gold Resources Inc engages in the exploration of precious and base metals in Canada. The company explores for gold, silver, and copper deposits. It holds interest in the Golden Triangle Area project covering an area of 45,105 hectares located in British Columbia; and 20% interest in the Thunder Bay silver district project comprising 87 claims covering an area of 1,853 hectares located in northwestern Ontario.

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