Prosper Gold (CVE:PGX) Sets New 12-Month Low – What’s Next?

Prosper Gold Corp. (CVE:PGX)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 4000 shares trading hands. The stock had previously closed at C$0.05.

Prosper Gold Stock Down 11.1%

The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.91 and a current ratio of 5.80. The business has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The firm has a market capitalization of C$2.48 million, a price-to-earnings ratio of -1.00 and a beta of 0.17.

Insider Transactions at Prosper Gold

In other news, Director Peter Bernier bought 1,000,000 shares of Prosper Gold stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of C$0.05 per share, with a total value of C$48,000.00. Following the completion of the purchase, the director directly owned 6,892,863 shares of the company’s stock, valued at approximately C$330,857.42. This trade represents a 16.97% increase in their ownership of the stock. Insiders own 7.78% of the company’s stock.

About Prosper Gold

Prosper Gold Corp. acquires, explores, and develops mineral properties in Canada. It explores for copper and gold resources. The company's flagship project is Golden Sidewalk project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario.