Highway 50 Gold Corp. (CVE:HWY – Get Free Report) shares were up 13.5% during mid-day trading on Monday . The stock traded as high as C$0.59 and last traded at C$0.59. Approximately 601,971 shares were traded during mid-day trading, an increase of 1,560% from the average daily volume of 36,254 shares. The stock had previously closed at C$0.52.
Highway 50 Gold Stock Up 13.5%
The firm has a fifty day moving average price of C$0.40 and a 200 day moving average price of C$0.42. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 61.21. The company has a market cap of C$26.27 million, a P/E ratio of -19.67 and a beta of 0.37.
About Highway 50 Gold
Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.
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