Goliath Resources (CVE:GOT) Trading 1.2% Higher – Still a Buy?

Shares of Goliath Resources Limited (CVE:GOT) traded up 1.2% during mid-day trading on Friday . The company traded as high as C$1.70 and last traded at C$1.68. 94,952 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 426,092 shares. The stock had previously closed at C$1.66.

Goliath Resources Trading Up 1.2%

The business has a 50 day moving average of C$1.64 and a 200-day moving average of C$2.15. The stock has a market cap of C$292.07 million, a PE ratio of -9.88 and a beta of 2.12.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines.

The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.