Desert Gold Ventures (CVE:DAU) Trading Down 9.1% – Here’s Why

Desert Gold Ventures Inc. (CVE:DAUGet Free Report) traded down 9.1% on Friday . The stock traded as low as C$0.10 and last traded at C$0.10. 2,850,085 shares changed hands during trading, an increase of 292% from the average session volume of 727,210 shares. The stock had previously closed at C$0.11.

Desert Gold Ventures Stock Down 9.1%

The company has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.11. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 124.81. The firm has a market cap of C$36.06 million, a P/E ratio of -10.00 and a beta of 2.01.

Desert Gold Ventures Company Profile

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Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.

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