First Mexican Gold (CVE:FMG) Shares Down 2.5% – What’s Next?

First Mexican Gold Corp (CVE:FMG – Get Free Report)’s share price traded down 2.5% during trading on Wednesday . The stock traded as low as C$0.39 and last traded at C$0.40. 58,211 shares were traded during trading, an increase of 55% from the average session volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Price Performance

The company has a debt-to-equity ratio of 20.62, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market cap of C$17.52 million and a PE ratio of -131.67. The firm has a 50-day simple moving average of C$0.39 and a 200 day simple moving average of C$0.40.

First Mexican Gold Company Profile

(Get Free Report)

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.

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