Visible Gold Mines (CVE:VGD) Trading Down 20% – Here’s Why

Visible Gold Mines Inc. (CVE:VGDGet Free Report)’s stock price traded down 20% on Saturday . The company traded as low as C$0.16 and last traded at C$0.16. 312,100 shares changed hands during mid-day trading, an increase of 324% from the average session volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Price Performance

The company has a quick ratio of 1.56, a current ratio of 0.10 and a debt-to-equity ratio of -25.18. The company has a 50 day moving average of C$0.15 and a two-hundred day moving average of C$0.12. The firm has a market cap of C$5.94 million, a P/E ratio of 2.67 and a beta of 2.24.

About Visible Gold Mines

(Get Free Report)

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

Further Reading

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