Free Trial

Desert Gold Ventures (CVE:DAU) Reaches New 52-Week High - Time to Buy?

Desert Gold Ventures logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • Desert Gold Ventures (CVE:DAU) reached a new 52-week high of C$0.15 on Monday (up ~3.6%) with 521,547 shares traded, trading above its 50‑day (C$0.12) and 200‑day (C$0.09) moving averages.
  • The company has a market cap of C$52.29M, a negative P/E (-7.50) and a very high debt‑to‑equity ratio (124.81), signaling leverage and ongoing losses.
  • Desert Gold is an exploration‑stage gold company focused on the Senegal Mali Shear Zone project in western Mali and is headquartered in Surrey, Canada.
  • Five stocks to consider instead of Desert Gold Ventures.

Desert Gold Ventures Inc. (CVE:DAU - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$0.15 and last traded at C$0.15, with a volume of 521547 shares changing hands. The stock had previously closed at C$0.14.

Desert Gold Ventures Trading Up 3.6%

The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 124.81. The stock has a market capitalization of C$52.29 million, a P/E ratio of -7.50 and a beta of 1.57. The firm's 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.09.

Desert Gold Ventures Company Profile

(Get Free Report)

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Desert Gold Ventures Right Now?

Before you consider Desert Gold Ventures, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Desert Gold Ventures wasn't on the list.

While Desert Gold Ventures currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Click the link to see MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines