Granada Gold Mine (CVE:GGM) Shares Down 18.8% – Should You Sell?

Granada Gold Mine Inc. (CVE:GGM) traded down 18.8% on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. 4,105,665 shares were traded during mid-day trading, an increase of 512% from the average session volume of 670,715 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Price Performance

The stock has a market capitalization of C$10.73 million, a P/E ratio of -6.50 and a beta of 3.62. The stock’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.04.

Granada Gold Mine Company Profile

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.