Gowest Gold Ltd. (CVE:GWA – Get Free Report)’s share price fell 7.7% on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. 160,001 shares changed hands during mid-day trading, an increase of 126% from the average session volume of 70,921 shares. The stock had previously closed at C$0.07.
Gowest Gold Price Performance
The firm’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The company has a current ratio of 2.56, a quick ratio of 0.34 and a debt-to-equity ratio of 21.26. The stock has a market capitalization of C$43.61 million, a price-to-earnings ratio of -6.50 and a beta of 1.37.
About Gowest Gold
Gowest Gold Ltd. engages in the exploration and evaluation of gold mineral properties in Canada. The company focuses on the development of its 100% owned Bradshaw gold deposit, which is part of the North Timmins gold project located near Timmins, Ontario. It holds interest in the North Timmins Gold Project that covers one patented mining claim, 11 mining leases, and 56 unpatented mining claims covering an area of approximately 109 square kilometers in Evelyn, Gowan, Little, Prosser, Tully, and Wark Townships in the Timmins gold camp.
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