Golconda Gold (CVE:GG) Stock Price Up 5.8% - Still a Buy?

Key Points

• Golconda Gold Ltd.'s stock price increased by 5.8% to C$1.81, after previously closing at C$1.71, despite a drop in trading volume.
• The company has a market cap of C$129.31 million and a price-to-earnings ratio of 36.00, signaling potential growth opportunities.
• Golconda Gold is focused on gold mining property exploration and development in multiple locations including Canada, the US, and South Africa.

Golconda Gold Ltd. (CVE:GG - Get Free Report) was up 5.8% during mid-day trading on Wednesday . The company traded as high as C$1.82 and last traded at C$1.81. Approximately 60,806 shares traded hands during trading, a decline of 51% from the average daily volume of 124,662 shares. The stock had previously closed at C$1.71.

Golconda Gold Stock Up 6.8%

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 firm's 50-day moving average is C$1.14 and its 200 day moving average is C$0.68. The stock has a market cap of C$135.78 million, a price-to-earnings ratio of 37.80 and a beta of 3.41.

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.