Snowline Gold (CVE:SGD) Shares Up 1.7% - Here's Why

Key Points

• Snowline Gold Corp. shares increased by 1.7% during mid-day trading, with the last traded price at C$9.41.
• The company has a market capitalization of C$1.52 billion and is engaged in the exploration and development of gold and other mineral properties in Canada.
• Snowline Gold's flagship project is the Rogue gold project, comprising 4,580 mineral claims in Yukon Territory.

Shares of Snowline Gold Corp. (CVE:SGD - ) shot up 1.7% during mid-day trading on Wednesday . The company traded as high as C$9.49 and last traded at C$9.41. 92,511 shares were traded during trading, a decline of 40% from the average session volume of 152,992 shares. The stock had previously closed at C$9.25.

Snowline Gold Trading Up 1.7%

The stock has a market capitalization of C$1.52 billion, a P/E ratio of -87.12 and a beta of 0.81. The stock has a 50 day moving average of C$9.03 and a 200-day moving average of C$8.07.

About Snowline Gold

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.