Visible Gold Mines (CVE:VGD) Shares Down 15.6% – Time to Sell?

Visible Gold Mines Inc. (CVE:VGD) shares traded down 15.6% on Friday . The company traded as low as C$0.13 and last traded at C$0.14. Approximately 125,000 shares changed hands during trading, an increase of 154% from the average session volume of 49,255 shares. The stock had previously closed at C$0.16.

Visible Gold Mines Stock Down 15.6%

The company has a debt-to-equity ratio of 1.86, a current ratio of 10.43 and a quick ratio of 1.56. The stock has a market cap of C$5.02 million, a price-to-earnings ratio of 1.69 and a beta of 0.63. The firm has a 50 day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17.

Insider Transactions at Visible Gold Mines

In other Visible Gold Mines news, Director Jean-Marc Lacoste acquired 300,000 shares of the stock in a transaction dated Thursday, July 9th. The shares were bought at an average cost of C$0.12 per share, for a total transaction of C$36,000.00. Following the completion of the acquisition, the director directly owned 700,000 shares of the company’s stock, valued at approximately C$84,000. This trade represents a 75.00% increase in their ownership of the stock. Over the last quarter, insiders purchased 515,000 shares of company stock valued at $62,550. 15.92% of the stock is currently owned by company insiders.

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.