Freegold Ventures (TSE:FVL) Shares Cross Above 50-Day Moving Average - Here's What Happened

Key Points

• Freegold Ventures Limited's stock has recently surpassed its 50-day moving average of C$1.21, trading at a high of C$1.32 before closing at C$1.29 with a volume of 775,925 shares.
• The company has a current market capitalization of C$425.57 million and a PE ratio of -371.29, indicating a high volatility with a beta of 2.52.
• Freegold Ventures is focused on exploration and development of precious and base metal properties, including the Golden Summit and Shorty Creek projects in Alaska.

Shares of Freegold Ventures Limited (TSE:FVL - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.21 and traded as high as C$1.32. Freegold Ventures shares last traded at C$1.29, with a volume of 775,925 shares traded.

Freegold Ventures Price Performance

The stock's 50-day moving average price is C$1.23 and its two-hundred day moving average price is C$1.04. The stock has a market capitalization of C$428.87 million, a P/E ratio of -374.17 and a beta of 2.52. The company has a current ratio of 7.41, a quick ratio of 3.72 and a debt-to-equity ratio of 0.07.

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.