Goldbank Mining (CVE:GLB) Sets New 52-Week Low – Here’s Why

Goldbank Mining Co. (CVE:GLBGet Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.25, with a volume of 4911 shares trading hands. The stock had previously closed at C$0.34.

Goldbank Mining Stock Down 26.5%

The firm has a 50 day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.36. The stock has a market capitalization of C$48.11 million, a P/E ratio of -8.33 and a beta of 0.49.

Goldbank Mining Company Profile

(Get Free Report)

Goldbank Mining Corporation engages in the exploration and development of mineral properties. The company primarily explores for gold deposits. It holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties located in the Klondike region of the Yukon Territory, Canada; and the Hasenfuss Quartz mineral claims situated in the Klondike region. The company was formerly known as Ballad Gold & Silver Ltd. and changed its name to Goldbank Mining Corporation in January 2009.

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