Core Gold (CVE:CGLD) Trading Down 3% – Time to Sell?

Core Gold Inc (CVE:CGLDGet Free Report) was down 3% on Wednesday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 44,699 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 394,493 shares. The stock had previously closed at C$0.17.

Core Gold Price Performance

The company has a debt-to-equity ratio of 210.57, a current ratio of 0.30 and a quick ratio of 0.00. The firm has a market capitalization of C$26.70 million and a PE ratio of -7.62. The company has a 50-day moving average price of C$0.16 and a 200-day moving average price of C$0.16.

Core Gold Company Profile

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Core Gold Inc engages in acquiring, exploring, developing, and mining mineral concessions in Ecuador. The company primarily explores for gold, copper, and silver deposits. Its flagship asset is the 100% owned Dynasty District, a 50,000 hectare land package, which includes five production and exploration targets.

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