Augusta Gold (TSE:G) Reaches New 12-Month High - Time to Buy?

Key Points

• Augusta Gold Corp. reached a new 52-week high with its share price at C$1.67 during mid-day trading on Friday, reflecting positive market activity.
• The company has a market cap of approximately C$100.06 million and a debt-to-equity ratio of 114.16, indicating potential financial risk.
• Augusta Gold is primarily focused on exploring gold properties, notably the Bullfrog Project located in Beatty, Nevada.
• Despite a recent surge in share price, Augusta Gold reports a P/E ratio of -8.47, suggesting it has not yet achieved profitability.

Augusta Gold Corp. (TSE:G - Get Free Report) NYSE: GG hit a new 52-week high on Friday . The company traded as high as C$1.67 and last traded at C$1.67, with a volume of 287800 shares trading hands. The stock had previously closed at C$1.66.

Augusta Gold Stock Performance

The business has a fifty day moving average of C$1.23 and a 200-day moving average of C$1.17. The stock has a market capitalization of C$100.06 million, a price-to-earnings ratio of -8.47, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 114.16, a current ratio of 0.01 and a quick ratio of 0.10.

About Augusta Gold

Augusta Gold Corp is an exploration stage company. The company is primarily engaged in the acquisition and exploration of gold properties. It operates Bullfrog Project, located in Beatty town of Las Vegas, Nevada.