Lincoln Gold Mining (CVE:LMG) Trading Down 17% – Here’s What Happened

Lincoln Gold Mining Inc. (CVE:LMGGet Free Report)’s stock price traded down 17% during trading on Thursday . The stock traded as low as C$0.38 and last traded at C$0.39. Approximately 20,005 shares were traded during mid-day trading, a decline of 45% from the average session volume of 36,090 shares. The stock had previously closed at C$0.47.

Lincoln Gold Mining Trading Down 17.0%

The firm has a market cap of C$10.85 million, a P/E ratio of -7.80 and a beta of 1.27. The company’s fifty day moving average price is C$0.43 and its two-hundred day moving average price is C$0.45.

About Lincoln Gold Mining

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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.

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