Cora Gold (LON:CORA) Shares Up 23.6% - Time to Buy?

Key Points

• Cora Gold's stock price rose 23.6% during trading, reaching GBX 8.50 ($0.11), significantly higher than its previous close of GBX 6.88 ($0.09).
• The trading volume increased by 32%, with 594,507 shares changing hands compared to an average of 451,798 shares.
• Cora Gold is focused on advancing proven gold deposits in West Africa, with a market capitalization of £50.93 million and a debt-to-equity ratio of 64.34.

Cora Gold Limited (LON:CORA - )'s share price shot up 23.6% during trading on Wednesday . The stock traded as high as GBX 8.50 ($0.11) and last traded at GBX 8.50 ($0.11). 594,507 shares traded hands during trading, an increase of 32% from the average session volume of 451,798 shares. The stock had previously closed at GBX 6.88 ($0.09).

Cora Gold Stock Performance

The company has a 50-day moving average of GBX 6.64 and a 200 day moving average of GBX 6.31. The company has a quick ratio of 5.23, a current ratio of 1.05 and a debt-to-equity ratio of 64.34. The firm has a market capitalization of £50.93 million, a PE ratio of -58.26 and a beta of 0.46.

About Cora Gold

Cora Gold is focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

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