Gossan Resources Limited (CVE:GSS – Get Free Report) shares dropped 25% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 215,000 shares were traded during trading, an increase of 124% from the average daily volume of 96,090 shares. The stock had previously closed at C$0.04.
Gossan Resources Price Performance
The business has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The stock has a market cap of C$2.36 million, a PE ratio of -3.50 and a beta of -1.27.
About Gossan Resources
Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.
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