Reunion Gold Co. (CVE:RGD – Get Free Report)’s share price hit a new 52-week high during trading on Monday after Stifel Nicolaus raised their price target on the stock from C$0.70 to C$0.80. The stock traded as high as C$0.61 and last traded at C$0.55, with a volume of 2612174 shares changing hands. The stock had previously closed at C$0.50.
Reunion Gold Stock Up 5.0 %
The company has a 50 day simple moving average of C$0.45 and a two-hundred day simple moving average of C$0.42. The company has a quick ratio of 13.90, a current ratio of 13.72 and a debt-to-equity ratio of 0.74. The company has a market capitalization of C$762.30 million, a P/E ratio of -12.60 and a beta of 1.18.
About Reunion Gold
Reunion Gold Corporation engages in the acquisition, exploration, and development of mineral projects in South America. The companys flagship project is the Oko West project located in Guyana. It also holds interest in other projects located in French Guiana and Suriname. The company was formerly known as New Sleeper Gold Corporation and changed its name to Reunion Gold Corporation in June 2006.
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