St. Augustine Gold and Copper (TSE:SAU) Shares Down 17.2% - Here's Why

Key Points

• St. Augustine Gold and Copper's stock fell 17.2% during mid-day trading, hitting a low of C$0.40 before recovering slightly to C$0.41.
• The trading volume surged by 377%, with approximately 2.3 million shares exchanged compared to the average of just under 500,000 shares.
• The company's market capitalization stands at C$291.56 million, with an extremely high P/E ratio of 19,431.28, reflecting significant volatility in its stock performance.

St. Augustine Gold and Copper Limited (TSE:SAU - Get Free Report) shares traded down 17.2% during mid-day trading on Thursday . The company traded as low as C$0.40 and last traded at C$0.41. 2,344,765 shares traded hands during mid-day trading, an increase of 377% from the average session volume of 492,052 shares. The stock had previously closed at C$0.50.

St. Augustine Gold and Copper Price Performance

The firm's 50-day moving average is C$0.23 and its 200-day moving average is C$0.13. The company has a market capitalization of C$284.45 million, a P/E ratio of 18,957.35 and a beta of 1.63.

St. Augustine Gold and Copper Company Profile

St. Augustine Gold and Copper Ltd engages in the acquisition, development, and exploration of mineral properties. It focuses on the King-king Copper-Gold Project, located in Mindanao in the Philippines.