Goldbank Mining (CVE:GLB) Sets New 52-Week Low – What’s Next?

Goldbank Mining Co. (CVE:GLBGet Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as C$0.25 and last traded at C$0.25, with a volume of 4911 shares. The stock had previously closed at C$0.34.

Goldbank Mining Price Performance

The stock’s 50 day simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.35. The firm has a market cap of C$48.13 million, a P/E ratio of -8.33 and a beta of 0.49.

Goldbank Mining Company Profile

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Goldbank Mining Corporation engages in the exploration and development of mineral properties. The company primarily explores for gold deposits. It holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties located in the Klondike region of the Yukon Territory, Canada; and the Hasenfuss Quartz mineral claims situated in the Klondike region. The company was formerly known as Ballad Gold & Silver Ltd. and changed its name to Goldbank Mining Corporation in January 2009.

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