Algold Resources Ltd. (ALG.V) (CVE:ALG) Trading Down 3.3% – Time to Sell?

Algold Resources Ltd. (ALG.V) (CVE:ALG) shares were down 3.3% during mid-day trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.15. Approximately 17,800 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Trading Down 3.3 %

The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 19.21. The stock has a market capitalization of C$4.04 million and a price-to-earnings ratio of -0.44. The company’s 50-day moving average is C$0.14 and its 200-day moving average is C$0.14.

Algold Resources Ltd. (ALG.V) Company Profile

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.