Golconda Gold Ltd. (CVE:GG – Get Free Report) shot up 25.9% during mid-day trading on Monday . The company traded as high as C$2.87 and last traded at C$2.87. 101,201 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 101,039 shares. The stock had previously closed at C$2.28.
Golconda Gold Price Performance
The stock has a market cap of C$199.21 million, a price-to-earnings ratio of 21.46 and a beta of 4.41. The stock’s 50 day moving average price is C$2.59 and its two-hundred day moving average price is C$2.66. The company has a quick ratio of 0.20, a current ratio of 1.09 and a debt-to-equity ratio of 5.90.
About Golconda Gold
Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. The company is headquartered in Toronto, Canada.
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