Roscan Gold (CVE:ROS) Reaches New 12-Month High - Still a Buy?

Key Points

• Reached a new 52-week high of C$0.27 on Thursday with about 229,015 shares traded, up from a prior close of C$0.26.
• Financial profile: market cap ~C$109.6M, negative P/E (-41.67), high volatility (beta 2.69) and weak short-term liquidity (current ratio 0.22, quick ratio 0.31) alongside a reported debt-to-equity of -71.99.
• Business overview: an exploration-stage gold company that holds 100% of the Kandiole project in Mali (≈402 km²), focused on gold discovery and development.

Roscan Gold Co. (CVE:ROS - ) hit a new 52-week high during trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.27, with a volume of 229015 shares trading hands. The stock had previously closed at C$0.26.

Roscan Gold Stock Down 2.0%

The company has a debt-to-equity ratio of -71.99, a current ratio of 0.22 and a quick ratio of 0.31. The firm has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.16. The stock has a market capitalization of C$109.63 million, a price-to-earnings ratio of -41.67 and a beta of 2.69.

About Roscan Gold

Roscan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in West Africa. The company explores for gold deposits. It holds 100% interests in the Kandiole project comprising nine contiguous gold prospective permits covering an area of approximately 402 square kilometers located in Mali, West Africa. The company was formerly known as Roscan Minerals Corporation and changed its name to Roscan Gold Corporation in September 2018.

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