Granada Gold Mine (CVE:GGM) Shares Down 23.8% – What’s Next?

Granada Gold Mine Inc. (CVE:GGMGet Free Report) fell 23.8% during mid-day trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. 1,264,777 shares changed hands during trading, an increase of 218% from the average session volume of 398,221 shares. The stock had previously closed at C$0.11.

Granada Gold Mine Stock Performance

The company has a market cap of C$14.86 million, a price-to-earnings ratio of -9.00 and a beta of 3.62. The stock’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.04.

Granada Gold Mine Company Profile

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.

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