Goliath Resources (CVE:GOT) Shares Down 5.5% – Here’s Why

Goliath Resources Limited (CVE:GOT)’s share price fell 5.5% on Thursday . The stock traded as low as C$1.55 and last traded at C$1.55. Approximately 169,502 shares changed hands during trading, a decline of 57% from the average session volume of 396,922 shares. The stock had previously closed at C$1.64.

Goliath Resources Stock Performance

The firm has a market capitalization of C$274.80 million, a PE ratio of -9.12 and a beta of 2.19. The company has a fifty day simple moving average of C$1.42 and a two-hundred day simple moving average of C$1.71.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines.

The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.