Freegold Ventures (TSE:FVL) Shares Up 13.5% - Time to Buy?

Key Points

• Freegold Ventures Limited shares increased by 13.5% during mid-day trading, reaching a high of C$1.61 before closing at C$1.60.
• The company has a market capitalization of C$888.98 million, a quick ratio of 3.72, and notable financial ratios indicating low debt levels.
• Freegold Ventures is currently focused on exploring and developing precious and base metal properties, including projects in Alaska.

Shares of Freegold Ventures Limited (TSE:FVL - ) shot up 13.5% during mid-day trading on Thursday . The stock traded as high as C$1.61 and last traded at C$1.60. 1,135,750 shares changed hands during trading, an increase of 198% from the average session volume of 381,611 shares. The stock had previously closed at C$1.41.

Freegold Ventures Stock Up 19.1%

The company has a quick ratio of 3.72, a current ratio of 7.41 and a debt-to-equity ratio of 0.07. The firm has a market cap of C$888.98 million, a price-to-earnings ratio of -359.77 and a beta of 1.39. The firm has a fifty day moving average price of C$1.26 and a 200-day moving average price of C$1.08.

Freegold Ventures Company Profile

Freegold Ventures Ltd is an exploration stage company. It is engaged in the process of acquiring, exploring and developing precious and base metal properties. The company's projects include Golden Summit and the Shorty Creek in Alaska.

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