Golconda Gold (CVE:GG) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Golconda Gold Ltd. (CVE:GG) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.30 and traded as low as C$0.25. Golconda Gold shares last traded at C$0.27, with a volume of 112,498 shares traded.

Golconda Gold Stock Performance

The stock has a 50-day moving average of C$0.30 and a 200 day moving average of C$0.28. The firm has a market capitalization of C$17.82 million, a P/E ratio of -6.25 and a beta of 2.80. The company has a debt-to-equity ratio of 16.35, a quick ratio of 0.20 and a current ratio of 0.33.

About Golconda Gold

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.