First Mexican Gold (CVE:FMG) Trading Down 2.5% – Should You Sell?

by · The Markets Daily

First Mexican Gold Corp (CVE:FMG – Get Free Report)’s stock price dropped 2.5% during mid-day trading on Tuesday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 58,211 shares were traded during trading, an increase of 55% from the average daily volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Price Performance

The company’s 50-day moving average price is C$0.39 and its 200-day moving average price is C$0.40. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 20.62. The firm has a market cap of C$17.52 million and a price-to-earnings ratio of -131.67.

About First Mexican Gold

(Get Free Report)

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.

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