Golconda Gold (CVE:GG) Hits 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 - )'s share price hit a new 52-week high during mid-day trading 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 Performance

The stock's 50-day moving average price is C$1.12 and its 200-day moving average price is C$0.67. The company has a market cap of C$135.78 million, a P/E ratio of 37.80 and a beta of 3.41. The company has a debt-to-equity ratio of 15.32, a current ratio of 0.31 and a quick ratio of 0.20.

About Golconda Gold

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.

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