Cora Gold (LON:CORA) Shares Down 21.6% – Here’s Why

Cora Gold Limited (LON:CORA) shares dropped 21.6% during trading on Monday . The company traded as low as GBX 6.63 and last traded at GBX 6.63. Approximately 842,003 shares traded hands during trading, an increase of 36% from the average daily volume of 617,800 shares. The stock had previously closed at GBX 8.45.

Cora Gold Trading Down 21.6%

The firm’s 50 day moving average is GBX 9.38 and its two-hundred day moving average is GBX 8.27. The stock has a market cap of £33.28 million, a price-to-earnings ratio of -22.84 and a beta of 0.61.

Cora Gold Company Profile

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.