Lincoln Gold Mining (CVE:LMG) Shares Down 22.9% – Here’s What Happened

Lincoln Gold Mining Inc. (CVE:LMGGet Free Report)’s share price dropped 22.9% during mid-day trading on Monday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 116,764 shares traded hands during trading, an increase of 164% from the average daily volume of 44,261 shares. The stock had previously closed at C$0.35.

Lincoln Gold Mining Trading Down 22.9%

The company has a market cap of C$6.45 million, a price-to-earnings ratio of -2.70 and a beta of 1.42. The stock’s 50-day moving average is C$0.24 and its 200-day moving average is C$0.22.

Lincoln Gold Mining Company Profile

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Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.

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