Freegold Ventures (TSE:FVL) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Shares crossed below its 200-day moving average (200‑day MA C$1.37), trading as low as C$1.10 and last at C$1.16 on a volume of 2,017,296 shares.
• Negative earnings and valuation: the company reported C($0.02) EPS last quarter and shows a negative PE (-116.00) with a market capitalization of C$670.13 million and a beta of 2.38.
• Exploration-stage business: Freegold Ventures is an exploration-stage miner with projects including Golden Summit and Shorty Creek in Alaska.

Shares of Freegold Ventures Limited (TSE:FVL - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.37 and traded as low as C$1.10. Freegold Ventures shares last traded at C$1.16, with a volume of 2,017,296 shares trading hands.

Freegold Ventures Stock Up 6.4%

The firm has a market capitalization of C$670.13 million, a PE ratio of -116.00 and a beta of 2.38. The firm's 50 day moving average price is C$1.27 and its two-hundred day moving average price is C$1.37. The company has a quick ratio of 3.72, a current ratio of 29.54 and a debt-to-equity ratio of 0.02.

Freegold Ventures (TSE:FVL - Get Free Report) last posted its quarterly earnings results on Monday, March 30th. The company reported C($0.02) earnings per share (EPS) for the quarter.

About Freegold Ventures

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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