Gossan Resources (CVE:GSS) Shares Up 33.3% – Here’s Why

Gossan Resources Limited (CVE:GSS) was up 33.3% during trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.04. Approximately 1,200,200 shares traded hands during mid-day trading, an increase of 1,088% from the average daily volume of 101,056 shares. The stock had previously closed at C$0.03.

Gossan Resources Stock Performance

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