Avidian Gold (CVE:AVG) Trading Down 23.5% – Here’s Why
by Tristan Rich · The Markets DailyAvidian Gold Corp. (CVE:AVG – Get Free Report) shares traded down 23.5% on Monday . The company traded as low as C$0.13 and last traded at C$0.13. 140,214 shares changed hands during mid-day trading, an increase of 653% from the average session volume of 18,623 shares. The stock had previously closed at C$0.17.
Avidian Gold Stock Performance
The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.43 and a current ratio of 5.11. The firm has a market cap of C$1.61 million, a P/E ratio of 4.33 and a beta of 0.22. The company’s 50 day moving average is C$0.14 and its 200 day moving average is C$0.12.
Avidian Gold Company Profile
Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America. It also explores for silver and copper properties. The company holds 100% interests in the Golden Zone property covering an area of 12,525 hectares located in Alaska; the Amanita property claims totaling 1,460 hectares situated to the northeast of Fairbanks, Alaska; and the Jungo Property covering an area of 2,000 hectares located in Humboldt mineral trend, Nevada. It also holds 100% interests in the Labrador west iron ore project located in Labrador; and holds 100% interests in the Lac Pegma copper-nickel-cobalt sulphide deposit located in Quebec.