Kestrel Gold (CVE:KGC) Trading Down 12.5% – Here’s Why

Shares of Kestrel Gold Inc. (CVE:KGC) fell 12.5% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 172,000 shares changed hands during mid-day trading, an increase of 181% from the average session volume of 61,304 shares. The stock had previously closed at C$0.04.

Kestrel Gold Stock Performance

The stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The stock has a market capitalization of C$3.81 million, a P/E ratio of -8.75 and a beta of 2.69.

Kestrel Gold Company Profile

Kestrel Gold Inc, an early-stage exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds 100% interest in the King Solomon Dome project located in Yukon Territory. It also has an option agreement to acquire 100% interest in the Fireweed located near Kitimat, British Columbia; and the flagship QCM project covering an area of 69 square kilometers located in northern British Columbia.