Gossan Resources (CVE:GSS) Shares Down 12.5% – What’s Next?

Gossan Resources Limited (CVE:GSS)’s share price traded down 12.5% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 123,000 shares were traded during mid-day trading, an increase of 21% from the average session volume of 101,239 shares. The stock had previously closed at C$0.04.

Gossan Resources Price Performance

The company has a market cap of C$2.36 million, a price-to-earnings ratio of -3.50 and a beta of -1.11. The business’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03.

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.