Shares of Visible Gold Mines Inc. (CVE:VGD – Get Free Report) dropped 20% on Friday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 312,100 shares changed hands during mid-day 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 Price Performance
The firm has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.12. The company has a market capitalization of C$5.94 million, a PE ratio of 2.67 and a beta of 2.24. The company has a debt-to-equity ratio of -25.18, a current ratio of 0.10 and a quick ratio of 1.56.
About Visible Gold Mines
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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