Golconda Gold (CVE:GG) Reaches New 1-Year High - What's Next?

Key Points

• Golconda Gold Ltd. achieved a new 52-week high of C$2.25 during trading, closing the day at C$2.20 with a trading volume of 361,308 shares.
• The company's market capitalization stands at C$157.33 million, with a relatively high PE ratio of 43.80 and a debt-to-equity ratio of 15.32.
• Golconda Gold is involved in the exploration and operation of gold mining properties across multiple countries, including Canada, the United States, and South Africa.

Golconda Gold Ltd. (CVE:GG - ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$2.25 and last traded at C$2.20, with a volume of 361308 shares. The stock had previously closed at C$1.97.

Golconda Gold Price Performance

The company has a market capitalization of C$157.33 million, a PE ratio of 43.80 and a beta of 3.68. The company has a current ratio of 0.31, a quick ratio of 0.20 and a debt-to-equity ratio of 15.32. The stock has a fifty day simple moving average of C$1.40 and a 200-day simple moving average of C$0.81.

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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