Algold Resources Ltd. (ALG.V) (CVE:ALG) Trading Down 3.3% – What’s Next?

Algold Resources Ltd. (ALG.V) (CVE:ALG)’s share price traded down 3.3% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.15. 17,800 shares were traded during mid-day trading, a decline of 45% from the average session volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Price Performance

The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 19.21. The company has a market cap of C$4.04 million and a PE ratio of -0.44. The firm has a 50 day moving average of C$0.14 and a two-hundred day moving average of C$0.14.

Algold Resources Ltd. (ALG.V) Company Profile

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.