Gowest Gold Ltd. (CVE:GWA – Get Free Report)’s share price dropped 7.7% during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 160,001 shares changed hands during mid-day trading, an increase of 126% from the average daily volume of 70,921 shares. The stock had previously closed at C$0.07.
Gowest Gold Price Performance
The stock has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.09. The firm has a market capitalization of C$43.61 million, a P/E ratio of -6.50 and a beta of 1.37. The company has a debt-to-equity ratio of 21.26, a quick ratio of 0.34 and a current ratio of 2.56.
About Gowest Gold
Gowest Gold Ltd. engages in the exploration and evaluation of gold mineral properties in Canada. The company focuses on the development of its 100% owned Bradshaw gold deposit, which is part of the North Timmins gold project located near Timmins, Ontario. It holds interest in the North Timmins Gold Project that covers one patented mining claim, 11 mining leases, and 56 unpatented mining claims covering an area of approximately 109 square kilometers in Evelyn, Gowan, Little, Prosser, Tully, and Wark Townships in the Timmins gold camp.
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