Highway 50 Gold Corp. (CVE:HWY – Get Free Report) shares dropped 11.1% on Wednesday. The stock traded as low as C$0.48 and last traded at C$0.48. 4,000 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 42,051 shares. The stock had previously closed at C$0.54.
Highway 50 Gold Stock Performance
The stock has a market cap of C$21.38 million, a PE ratio of -16.00 and a beta of -0.28. The company has a debt-to-equity ratio of 61.21, a current ratio of 0.18 and a quick ratio of 0.15. The stock has a 50-day simple moving average of C$0.59 and a 200-day simple moving average of C$0.46.
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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