First Mexican Gold (CVE:FMG) Shares Down 2.5% – What’s Next?

First Mexican Gold Corp (CVE:FMG) traded down 2.5% during trading on Wednesday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 58,211 shares changed hands during trading, an increase of 55% from the average session volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Price Performance

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 20.62. The firm’s 50-day moving average price is C$0.39 and its two-hundred day moving average price is C$0.40. The stock has a market cap of C$17.52 million and a PE ratio of -131.67.

About First Mexican Gold

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.