Visible Gold Mines Inc. (CVE:VGD – Get Free Report) shares dropped 20% during mid-day trading on Saturday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 312,100 shares traded hands during trading, an increase of 324% from the average daily volume of 73,640 shares. The stock had previously closed at C$0.20.
Visible Gold Mines Price Performance
The company has a debt-to-equity ratio of -25.18, a quick ratio of 1.56 and a current ratio of 0.10. The business has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.12. The firm has a market cap of C$5.94 million, a P/E ratio of 2.67 and a beta of 2.24.
About Visible Gold Mines
Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.
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