Cora Gold (LON:CORA) Trading Down 2.4% – Here’s What Happened

Cora Gold Limited (LON:CORA)’s share price dropped 2.4% during mid-day trading on Monday . The company traded as low as GBX 9.50 and last traded at GBX 9.60. Approximately 373,319 shares were traded during trading, a decline of 42% from the average daily volume of 642,859 shares. The stock had previously closed at GBX 9.84.

Cora Gold Price Performance

The business’s 50 day moving average price is GBX 9.44 and its 200-day moving average price is GBX 8.31. The firm has a market capitalization of £73.45 million, a price-to-earnings ratio of -33.10 and a beta of 0.94.

About Cora Gold

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.