Golconda Gold (CVE:GG) Sets New 12-Month High - Here's What Happened

Key Points

• Golconda Gold Ltd. reached a new 52-week high of C$1.90 during mid-day trading, closing at C$1.89 with a trading volume of 231,996 shares.
• The company has a market cap of C$135.78 million and a price-to-earnings (P/E) ratio of 37.80, indicating strong demand for its shares.
• Golconda Gold is engaged in the exploration and operation of gold mining properties in Canada, the United States, and South Africa, and was formerly known as Galane Gold Ltd.

Golconda Gold Ltd. (CVE:GG - Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$1.90 and last traded at C$1.89, with a volume of 231996 shares trading hands. The stock had previously closed at C$1.77.

Golconda Gold Stock Up 1.1%

The company has a market capitalization of C$137.21 million, a PE ratio of 38.20 and a beta of 3.41. The company has a debt-to-equity ratio of 15.32, a quick ratio of 0.20 and a current ratio of 0.31. The firm has a fifty day simple moving average of C$1.17 and a 200-day simple moving average of C$0.70.

Golconda Gold Company Profile

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.