Desert Gold Ventures (CVE:DAU) Reaches New 52-Week High - What's Next?

Key Points

• Desert Gold Ventures shares hit a new 52-week high, trading as high as C$0.15 and closing at that level, up from the prior close of C$0.14.
• The stock rose 7.4% on the day, with volume of 335,599 shares traded, while its 50-day and 200-day moving averages remain below the current price at C$0.13 and C$0.10, respectively.
• Desert Gold Ventures is an exploration-stage gold company focused on mineral properties in Mali, with its main asset being the Senegal Mali Shear Zone project in western Mali.

Desert Gold Ventures Inc. (CVE:DAU - )'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15, with a volume of 335599 shares traded. The stock had previously closed at C$0.14.

Desert Gold Ventures Trading Up 7.4%

The company's 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.10. The firm has a market cap of C$52.29 million, a price-to-earnings ratio of -7.50 and a beta of 1.69. The company has a debt-to-equity ratio of 124.81, a current ratio of 1.53 and a quick ratio of 0.54.

About Desert Gold Ventures

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.

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