Granada Gold Mine (CVE:GGM) Stock Price Down 18.8% – What’s Next?

Granada Gold Mine Inc. (CVE:GGM)’s stock price dropped 18.8% on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 4,105,665 shares traded hands during mid-day trading, an increase of 512% from the average daily volume of 670,715 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Trading Down 18.8%

The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04. The stock has a market cap of C$10.73 million, a P/E ratio of -6.50 and a beta of 3.62.

Granada Gold Mine Company Profile

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.