Gossan Resources Limited (CVE:GSS – Get Free Report) fell 25% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 215,000 shares traded hands during trading, an increase of 124% from the average session volume of 96,071 shares. The stock had previously closed at C$0.04.
Gossan Resources Stock Down 12.5%
The firm has a market capitalization of C$2.36 million, a PE ratio of -3.50 and a beta of -1.27. The stock’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03.
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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