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Goldbank Mining (CVE:GLB) Trading Up 6.1% - Time to Buy?

Goldbank Mining logo with Basic Materials background

Key Points

  • Goldbank Mining Co. shares increased by 6.1% on Friday, closing at C$0.35, despite a significant drop in trading volume.
  • The company has a market cap of C$59.79 million and explores primarily for gold deposits in the Yukon Territory, Canada.
  • Goldbank Mining's stock has a price-to-earnings ratio of -17.50, indicating financial challenges despite its recent share price increase.
  • Want stock alerts on Goldbank Mining? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Goldbank Mining Co. (CVE:GLB - Get Free Report) shares rose 6.1% during trading on Friday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 1,505 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 14,027 shares. The stock had previously closed at C$0.33.

Goldbank Mining Trading Up 6.1%

The company has a market cap of C$59.79 million, a price-to-earnings ratio of -17.50 and a beta of 0.47. The firm has a 50-day moving average price of C$0.31 and a 200 day moving average price of C$0.25.

About Goldbank Mining

(Get Free Report)

Goldbank Mining Corporation engages in the exploration and development of mineral properties. The company primarily explores for gold deposits. It holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties located in the Klondike region of the Yukon Territory, Canada; and the Hasenfuss Quartz mineral claims situated in the Klondike region.

Further Reading

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