Shares of Highway 50 Gold Corp. (CVE:HWY – Get Free Report) were down 11.1% on Wednesday. The stock traded as low as C$0.48 and last traded at C$0.48. Approximately 4,000 shares were traded during mid-day trading, a decline of 90% from the average session volume of 42,051 shares. The stock had previously closed at C$0.54.
Highway 50 Gold Stock Down 6.1%
The stock has a 50-day moving average price of C$0.59 and a 200-day moving average price of C$0.46. The company has a debt-to-equity ratio of 61.21, a current ratio of 0.18 and a quick ratio of 0.15. The company has a market capitalization of C$20.48 million, a P/E ratio of -15.33 and a beta of -0.28.
Highway 50 Gold Company Profile
Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.
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