Gold Springs Resource (TSE:GRC) Trading Down 15.4% – Here’s Why

Gold Springs Resource Corp. (TSE:GRCGet Free Report)’s stock price fell 15.4% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. 122,005 shares changed hands during trading, an increase of 99% from the average daily volume of 61,265 shares. The stock had previously closed at C$0.07.

Gold Springs Resource Stock Performance

The company has a current ratio of 0.11, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.08. The company has a market cap of C$15.57 million, a P/E ratio of -9.00 and a beta of -0.04.

About Gold Springs Resource

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Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) is focused on the exploration and expansion of the gold and silver resources of its large Gold Springs project located on the border of Nevada and Utah, USA. The project is situated in the prolific Great Basin of Western USA, one of the best mining jurisdictions in the world.

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