Gossan Resources (CVE:GSS) Shares Up 16.7% – Here’s What Happened

Gossan Resources Limited (CVE:GSS)’s share price rose 16.7% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 85,200 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 91,687 shares. The stock had previously closed at C$0.03.

Gossan Resources Trading Up 33.3%

The stock’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.03. The company has a market capitalization of C$2.70 million, a P/E ratio of -4.00 and a beta of -1.11.

Gossan Resources Company Profile

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.