Granada Gold Mine (CVE:GGM) Hits New 1-Year Low – Should You Sell?

Granada Gold Mine Inc. (CVE:GGM – Get Free Report) reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 100,042 shares changing hands. The stock had previously closed at C$0.03.

Granada Gold Mine Trading Down 9.1%

The company has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a market cap of C$6.82 million, a P/E ratio of -2.50 and a beta of 2.54.

Granada Gold Mine Company Profile

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.

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