Golconda Gold (CVE:GG) Stock Price Up 6.5% - What's Next?

Key Points

• Golconda Gold Ltd. shares increased by 6.5% to C$1.97 during mid-day trading, marking a notable rise from its previous closing of C$1.85.
• The company has a market capitalization of C$141.52 million and a price-to-earnings ratio of 39.40, indicating its speculative nature.
• Golconda Gold is involved in the exploration and development of gold mining properties across Canada, the United States, and South Africa, previously operating under the name Galane Gold Ltd.

Golconda Gold Ltd. (CVE:GG - )'s share price rose 6.5% during mid-day trading on Tuesday . The stock traded as high as C$1.97 and last traded at C$1.97. Approximately 153,823 shares traded hands during trading, an increase of 19% from the average daily volume of 128,814 shares. The stock had previously closed at C$1.85.

Golconda Gold Trading Up 6.5%

The company has a market cap of C$141.52 million, a price-to-earnings ratio of 39.40 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 firm's 50-day moving average price is C$1.40 and its 200 day moving average price is 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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