Lincoln Gold Mining (CVE:LMG) Shares Down 6.9% – Here’s What Happened

Lincoln Gold Mining Inc. (CVE:LMG) shares fell 6.9% during mid-day trading on Tuesday . The company traded as low as C$0.27 and last traded at C$0.27. 70,500 shares were traded during mid-day trading, an increase of 174% from the average session volume of 25,736 shares. The stock had previously closed at C$0.29.

Lincoln Gold Mining Stock Down 6.9%

The firm has a market capitalization of C$6.63 million, a PE ratio of -3.38 and a beta of 1.56. The stock’s fifty day simple moving average is C$0.26 and its 200 day simple moving average is C$0.24.

About Lincoln Gold Mining

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.