Orefinders Resources (ORX) Stock Price Down 22.2%
Shares of Orefinders Resources Inc (CVE:ORX) dropped 22.2% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 336,200 shares changed hands during trading, an increase of 224% from the average daily volume of 103,625 shares. The stock had previously closed at C$0.05.
The stock has a market cap of $4.72 million and a P/E ratio of -5.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.56 and a current ratio of 1.44.
About Orefinders Resources (CVE:ORX)
Orefinders Resources Inc engages in the exploration, development, and production of gold assets in the Abitibi region of Ontario. The company also explores for copper, cobalt, and nickel. The company's properties include the Mirado project that comprises 12 patented claims covering an area of 5,800 acres located in the Town of Kirkland Lake in north-eastern Ontario; the McGarry project comprising 46 patented mining claims and 5 mining licenses covering an area of 681 hectares situated in Virginiatown, Ontario; and the Knight project consisting of 14 patented leases and 79 mining claims covering an area of 2,200 hectares situated in the Knight and Tyrrell townships of Ontario.
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