Golconda Gold (CVE:GG) Reaches New 1-Year High - Here's Why

Key Points

• Golconda Gold Ltd. shares reached a new 52-week high of C$2.25, closing at C$2.24 on the latest trading day, which represents a significant increase of 10.3%.
• The company, which focuses on gold mining properties in Canada, the US, and South Africa, has a market capitalization of C$160.92 million with a notably high debt-to-equity ratio of 15.32.
• Golconda Gold, formerly known as Galane Gold Ltd., operates the Galaxy Property in South Africa and continues to see upward momentum in its stock.

Golconda Gold Ltd. (CVE:GG - )'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$2.25 and last traded at C$2.24, with a volume of 213692 shares changing hands. The stock had previously closed at C$2.03.

Golconda Gold Stock Up 10.3%

The business has a fifty day simple moving average of C$1.53 and a 200 day simple moving average of C$0.87. The firm has a market cap of C$160.92 million, a price-to-earnings ratio of 44.80 and a beta of 3.68. The company has a debt-to-equity ratio of 15.32, a current ratio of 0.31 and a quick ratio of 0.20.

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.

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