Golden Valley Mines (CVE:GZZ) Stock Price Down 2% – Here’s What Happened

Shares of Golden Valley Mines Ltd. (CVE:GZZ) dropped 2% on Wednesday . The stock traded as low as C$12.26 and last traded at C$12.49. Approximately 11,550 shares changed hands during trading, a decline of 28% from the average session volume of 16,029 shares. The stock had previously closed at C$12.74.

Golden Valley Mines Trading Down 2.0%

The company has a quick ratio of 8.71, a current ratio of 2.01 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is C$12.49 and its two-hundred day simple moving average is C$12.49. The company has a market cap of C$171.65 million and a price-to-earnings ratio of 35.60.

About Golden Valley Mines

Golden Valley Mines Ltd., together with its subsidiaries, engages in identifying, acquiring, and developing exploration and evaluation minerals in Canada. The company primarily explores for gold, copper, zinc, cobalt, silver, molybdenum, nickel, and platinum-group elements. Its assets include 17 exploration properties located in the Abitibi Greenstone Belt; the James Bay, Mistassini, and Otish regions of northern Quebec; the Nunavik region of northern Quebec; and the Athabasca Basin of Saskatchewan.