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

Visible Gold Mines Inc. (CVE:VGD – Get Free Report) shares dropped 20% during mid-day trading on Saturday . The stock 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 Price Performance

The business has a 50 day moving average price of C$0.15 and a two-hundred day moving average price of C$0.12. The company has a debt-to-equity ratio of -25.18, a quick ratio of 1.56 and a current ratio of 0.10. The stock has a market cap of C$5.94 million, a PE ratio of 2.67 and a beta of 2.24.

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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