Goldbank Mining (CVE:GLB) Stock Price Up 7.8% - Here's Why

Key Points

• Goldbank Mining Co. shares rose by 7.8% on Friday, reaching a trading price of C$0.49.
• The stock's trading volume significantly decreased, with only 554 shares changing hands compared to an average of 14,157 shares.
• Goldbank Mining is focused on the exploration and development of gold properties, holding a 100% interest in the Leota gold project in the Yukon Territory, Canada.

Shares of Goldbank Mining Co. (CVE:GLB - ) were up 7.8% on Friday . The company traded as high as C$0.49 and last traded at C$0.49. Approximately 554 shares were traded during trading, a decline of 96% from the average daily volume of 14,157 shares. The stock had previously closed at C$0.45.

Goldbank Mining Stock Up 7.8%

The business has a 50-day simple moving average of C$0.45 and a two-hundred day simple moving average of C$0.35. The company has a market cap of C$93.08 million, a price-to-earnings ratio of -48.50 and a beta of 0.41.

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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