Goliath Resources (CVE:GOT) Stock Price Down 2.4% – Should You Sell?

Goliath Resources Limited (CVE:GOT)’s share price was down 2.4% during mid-day trading on Thursday . The company traded as low as C$1.56 and last traded at C$1.60. Approximately 590,828 shares traded hands during trading, an increase of 27% from the average daily volume of 466,715 shares. The stock had previously closed at C$1.64.

Goliath Resources Trading Down 2.4%

The firm’s fifty day moving average price is C$1.74. The stock has a market capitalization of C$278.17 million, a PE ratio of -9.41 and a beta of 2.12.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines.

The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.