Roscan Gold (CVE:ROS) Stock Price Up 3.9% - Time to Buy?

Key Points

• Shares rose 3.9% to C$0.27 on Tuesday with ~159,615 shares traded, about 59% below the stock's average daily volume.
• The company has a market cap of C$116.21 million, a negative P/E (-44.17), high beta (2.69) and weak liquidity metrics (current ratio 0.19, quick ratio 0.31), indicating elevated financial and market risk.
• Roscan is an exploration-stage gold company operating the Kandiole project in Mali, holding ~402 km² of contiguous permits.

Shares of Roscan Gold Co. (CVE:ROS - ) rose 3.9% on Tuesday . The company traded as high as C$0.27 and last traded at C$0.27. Approximately 159,615 shares changed hands during trading, a decline of 59% from the average daily volume of 389,806 shares. The stock had previously closed at C$0.26.

Roscan Gold Trading Up 3.9%

The stock has a market capitalization of C$116.21 million, a price-to-earnings ratio of -44.17 and a beta of 2.69. The company has a debt-to-equity ratio of -42.13, a current ratio of 0.19 and a quick ratio of 0.31. The business's 50-day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.16.

Roscan Gold Company Profile

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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