Desert Gold Ventures (CVE:DAU) Trading Up 16.7% – Time to Buy?

Desert Gold Ventures Inc. (CVE:DAU)’s stock price shot up 16.7% during trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 277,000 shares traded hands during trading, an increase of 101% from the average session volume of 137,709 shares. The stock had previously closed at C$0.06.

Desert Gold Ventures Stock Performance

The stock’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.07. The firm has a market capitalization of C$15.74 million, a P/E ratio of -3.50 and a beta of 1.75. The company has a debt-to-equity ratio of 124.81, a current ratio of 1.53 and a quick ratio of 0.54.

Desert Gold Ventures Company Profile

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.