Desert Gold Ventures (CVE:DAU) Stock Price Up 16.7% – Still a Buy?

Desert Gold Ventures Inc. (CVE:DAU) traded up 16.7% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 285,500 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 137,975 shares. The stock had previously closed at C$0.06.

Desert Gold Ventures Stock Performance

The firm has a fifty day simple moving average of C$0.07 and a 200 day simple moving average of C$0.07. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 124.81. The stock has a market cap of C$15.74 million, a price-to-earnings ratio of -3.50 and a beta of 1.75.

Desert Gold Ventures Company Profile

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.