Cora Gold (LON:CORA) Shares Down 1% – Time to Sell?

Shares of Cora Gold Limited (LON:CORA) were down 1% during trading on Monday . The stock traded as low as GBX 9 and last traded at GBX 9.60. Approximately 121,423 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 567,929 shares. The stock had previously closed at GBX 9.70.

Cora Gold Price Performance

The company has a fifty day moving average of GBX 9.71 and a 200 day moving average of GBX 8.69. The firm has a market capitalization of £72.68 million, a P/E ratio of -31.67 and a beta of 0.94.

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.