Sunday Lake Gold (TSE:SNDY) Hits New 1-Year Low – Here’s Why

Shares of Sunday Lake Gold Corp. (TSE:SNDY) reached a new 52-week low on Thursday. The company traded as low as C$1.30 and last traded at C$1.52, with a volume of 128,455 shares trading hands. The stock had previously closed at C$1.61.

Sunday Lake Gold Trading Up 6.7%

The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05. The company has a market cap of C$146.47 million, a price-to-earnings ratio of -8.00 and a beta of 1.91. The business has a 50 day simple moving average of C$1.86 and a 200 day simple moving average of C$1.82.

Sunday Lake Gold Company Profile

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 square kilometres that extends approximately 82 kilometres along the Detour-Fenelon gold trend. The land position is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.