Cora Gold (LON:CORA) Shares Down 14.8% – Here’s Why

Cora Gold Limited (LON:CORA) traded down 14.8% on Wednesday . The stock traded as low as GBX 7.50 and last traded at GBX 7.50. 307,826 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 827,960 shares. The stock had previously closed at GBX 8.80.

Cora Gold Trading Down 14.8%

The firm has a market capitalization of £37.67 million, a PE ratio of -25.86 and a beta of 0.46. The company has a debt-to-equity ratio of 64.34, a quick ratio of 5.23 and a current ratio of 1.05. The firm has a fifty day moving average of GBX 7.94 and a 200 day moving average of GBX 7.86.

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.