Avidian Gold (CVE:AVG) Shares Down 23.5% – Here’s Why

Avidian Gold Corp. (CVE:AVG)’s share price fell 23.5% during mid-day trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13. 140,214 shares were traded during trading, an increase of 653% from the average session volume of 18,623 shares. The stock had previously closed at C$0.17.

Avidian Gold Stock Down 3.7%

The firm’s 50-day moving average price is C$0.14 and its 200 day moving average price is C$0.12. The company has a current ratio of 5.11, a quick ratio of 0.43 and a debt-to-equity ratio of 1.13. The company has a market capitalization of C$1.61 million, a price-to-earnings ratio of 4.33 and a beta of 0.22.

Avidian Gold Company Profile

Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America. It also explores for silver and copper properties. The company holds 100% interests in the Golden Zone property covering an area of 12,525 hectares located in Alaska; the Amanita property claims totaling 1,460 hectares situated to the northeast of Fairbanks, Alaska; and the Jungo Property covering an area of 2,000 hectares located in Humboldt mineral trend, Nevada. It also holds 100% interests in the Labrador west iron ore project located in Labrador; and holds 100% interests in the Lac Pegma copper-nickel-cobalt sulphide deposit located in Quebec.