Visible Gold Mines (CVE:VGD) Shares Down 20% – Here’s What Happened

Visible Gold Mines Inc. (CVE:VGDGet Free Report) was down 20% during mid-day trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 312,100 shares changed hands during trading, an increase of 324% from the average daily volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Trading Down 20.0%

The company’s fifty day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.12. The company has a market capitalization of C$5.94 million, a price-to-earnings ratio of 2.67 and a beta of 2.24. The company has a quick ratio of 1.56, a current ratio of 0.10 and a debt-to-equity ratio of -25.18.

About Visible Gold Mines

(Get Free Report)

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

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