Golconda Gold (CVE:GG) Reaches New 1-Year High – Here’s Why

Golconda Gold Ltd. (CVE:GGGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.46 and last traded at C$2.38, with a volume of 85167 shares changing hands. The stock had previously closed at C$2.40.

Golconda Gold Stock Down 1.2%

The firm has a 50 day moving average of C$2.00 and a two-hundred day moving average of C$1.43. The firm has a market capitalization of C$169.22 million, a price-to-earnings ratio of 23.70 and a beta of 4.24. The company has a quick ratio of 0.20, a current ratio of 0.31 and a debt-to-equity ratio of 15.32.

About Golconda Gold

(Get Free Report)

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. The company is headquartered in Toronto, Canada.

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