Shares of Highway 50 Gold Corp. (CVE:HWY – Get Free Report) shot up 8.2% on Tuesday . The company traded as high as C$0.55 and last traded at C$0.53. 43,000 shares traded hands during trading, an increase of 38% from the average session volume of 31,261 shares. The stock had previously closed at C$0.49.
Highway 50 Gold Price Performance
The firm’s 50-day moving average price is C$0.40 and its two-hundred day moving average price is C$0.42. The company has a debt-to-equity ratio of 61.21, a quick ratio of 0.15 and a current ratio of 0.18. The firm has a market cap of C$22.27 million, a PE ratio of -16.67 and a beta of 0.37.
About Highway 50 Gold
Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.
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