Cora Gold (LON:CORA) Sets New 52-Week High – Still a Buy?

Shares of Cora Gold Limited (LON:CORA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 11 and last traded at GBX 10.31, with a volume of 3905358 shares. The stock had previously closed at GBX 9.25.

Cora Gold Price Performance

The firm has a market capitalization of £51.78 million, a P/E ratio of -35.55 and a beta of 0.46. The business’s 50-day simple moving average is GBX 7.03 and its 200 day simple moving average is GBX 7.54. The company has a quick ratio of 5.23, a current ratio of 1.05 and a debt-to-equity ratio of 64.34.

About Cora Gold

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.