Silver Grail Resources (CVE:SVG) Stock Price Down 16.7% – Here’s Why

Silver Grail Resources Ltd. (CVE:SVG)’s share price dropped 16.7% during mid-day trading on Monday . The company traded as low as C$0.25 and last traded at C$0.25. Approximately 130,502 shares changed hands during mid-day trading, an increase of 135% from the average daily volume of 55,519 shares. The stock had previously closed at C$0.30.

Silver Grail Resources Trading Down 16.7%

The firm has a market capitalization of C$10.92 million, a P/E ratio of -22.00 and a beta of 2.86. The business’s 50 day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.17.

Silver Grail Resources Company Profile

Silver Grail Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and dealing of mineral properties in Canada. It explores for silver, cobalt, gold, copper, and zinc deposits. The company was founded in 1979 and is headquartered in Victoria, Canada.