Granada Gold Mine (CVE:GGM) Stock Price Down 25% – Here’s What Happened
by Kim Johansen · The Markets DailyGranada Gold Mine Inc. (CVE:GGM – Get Free Report) fell 25% during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06. 3,494,515 shares traded hands during mid-day trading, an increase of 475% from the average session volume of 607,660 shares. The stock had previously closed at C$0.08.
Granada Gold Mine Stock Down 7.7%
The stock’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The firm has a market cap of C$9.91 million, a price-to-earnings ratio of -6.00 and a beta of 4.10.
About Granada Gold Mine
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.