Golconda Gold (CVE:GG) Shares Down 2.4% - Here's What Happened

Key Points

• Golconda Gold Ltd. experienced a stock price decrease of 2.4% on Monday, trading as low as C$1.58 before closing at C$1.62.
• The company has a significant debt-to-equity ratio of 15.32, indicating high financial leverage compared to its equity.
• Golconda Gold Ltd. is involved in exploration and operation of gold mining properties across Canada, the U.S., and South Africa, with a market capitalization of C$116.38 million.

Golconda Gold Ltd. (CVE:GG - )'s stock price fell 2.4% during trading on Monday . The stock traded as low as C$1.58 and last traded at C$1.62. 253,551 shares changed hands during mid-day trading, an increase of 104% from the average session volume of 124,259 shares. The stock had previously closed at C$1.66.

Golconda Gold Stock Performance

The company has a debt-to-equity ratio of 15.32, a current ratio of 0.31 and a quick ratio of 0.20. The stock has a market cap of C$116.38 million, a price-to-earnings ratio of 32.40 and a beta of 3.41. The firm has a fifty day moving average of C$1.06 and a 200 day moving average of C$0.64.

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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