Cora Gold (LON:CORA) Shares Up 5.9% – Time to Buy?

Cora Gold Limited (LON:CORA) shot up 5.9% during trading on Tuesday . The company traded as high as GBX 9 and last traded at GBX 9. Approximately 67,207 shares were traded during trading, a decline of 84% from the average session volume of 426,330 shares. The stock had previously closed at GBX 8.50.

Cora Gold Stock Performance

The firm has a market capitalization of £68.88 million, a P/E ratio of -30.00 and a beta of 0.92. The stock has a 50 day moving average of GBX 8.59 and a 200-day moving average of GBX 9.20.

About Cora Gold

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.