Gossan Resources (CVE:GSS) Shares Down 20% – Here’s Why

Gossan Resources Limited (CVE:GSS) fell 20% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 269,000 shares were traded during mid-day trading, an increase of 190% from the average session volume of 92,610 shares. The stock had previously closed at C$0.03.

Gossan Resources Trading Down 20.0 %

The stock has a market capitalization of C$1.35 million, a price-to-earnings ratio of 13.52 and a beta of 1.63. The stock’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.02.

Gossan Resources Company Profile

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.