Gossan Resources (CVE:GSS) Stock Price Up 33.3% – Should You Buy?

Gossan Resources Limited (CVE:GSS)’s share price shot up 33.3% on Monday . The stock traded as high as C$0.06 and last traded at C$0.04. 1,200,200 shares changed hands during mid-day trading, an increase of 1,088% from the average session volume of 101,056 shares. The stock had previously closed at C$0.03.

Gossan Resources Price Performance

The business has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The company has a market capitalization of C$2.70 million, a price-to-earnings ratio of -4.00 and a beta of -1.11.

About Gossan Resources

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.