Freegold Ventures (TSE:FVL) Stock Price Passes Above 50 Day Moving Average - Here's Why

Key Points

• Freegold Ventures Limited shares surpassed their 50-day moving average, reaching a high of C$1.25, indicating positive trading momentum.
• The company's market capitalization is C$392.58 million, and it has notable financial metrics including a low debt-to-equity ratio of 0.07.
• Freegold Ventures is focused on acquiring and developing precious and base metal properties, with key projects located in Alaska such as Golden Summit and Shorty Creek.

Freegold Ventures Limited (TSE:FVL - ) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.24 and traded as high as C$1.25. Freegold Ventures shares last traded at C$1.19, with a volume of 341,089 shares trading hands.

Freegold Ventures Stock Up 0.8%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.72 and a current ratio of 7.41. The company has a market cap of C$392.58 million, a PE ratio of -342.51 and a beta of 2.52. The firm has a fifty day simple moving average of C$1.24 and a 200 day simple moving average of C$1.06.

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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