Golconda Gold (CVE:GG) Trading Up 6.9% - What's Next?

Key Points

• Golconda Gold Ltd. shares rose by 6.9% on Monday, reaching a high of C$1.12 and closing at C$1.08, with trading volume significantly increasing by 191% compared to average daily volumes.
• The company has a market capitalization of C$54.56 million and a substantial debt-to-equity ratio of 15.32, indicating a highly leveraged position.
• Golconda Gold specializes in the exploration and operation of gold mining properties in Canada, the U.S., and South Africa, previously operating as Galane Gold Ltd.

Shares of Golconda Gold Ltd. (CVE:GG - ) were up 6.9% on Monday . The company traded as high as C$1.12 and last traded at C$1.08. Approximately 296,210 shares traded hands during trading, an increase of 191% from the average daily volume of 101,741 shares. The stock had previously closed at C$1.01.

Golconda Gold Price Performance

The business has a fifty day simple moving average of C$0.78 and a two-hundred day simple moving average of C$0.51. 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 market cap of C$54.56 million, a PE ratio of -20.87 and a beta of 2.80.

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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