Goldbank Mining (CVE:GLB) Shares Up 6.1% - What's Next?

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.

Goldbank Mining Co. (CVE:GLB - )'s stock price shot up 6.1% on Friday . The company traded as high as C$0.35 and last traded at C$0.35. 1,505 shares traded hands during trading, a decline of 89% from the average session volume of 14,027 shares. The stock had previously closed at C$0.33.

Goldbank Mining Stock Performance

The business has a 50-day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.24. The stock has a market cap of C$59.79 million, a price-to-earnings ratio of -17.50 and a beta of 0.47.

Goldbank Mining Company Profile

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.

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