Golconda Gold (CVE:GG) Trading Down 9.8%

Golconda Gold Ltd. (CVE:GGGet Free Report) traded down 9.8% on Monday . The company traded as low as C$0.23 and last traded at C$0.23. 27,000 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 20,747 shares. The stock had previously closed at C$0.26.

Golconda Gold Price Performance

The company has a 50 day moving average of C$0.24 and a 200 day moving average of C$0.22. The company has a quick ratio of 0.20, a current ratio of 0.14 and a debt-to-equity ratio of 14.55. The stock has a market capitalization of C$21.38 million, a price-to-earnings ratio of -7.50 and a beta of 2.78.

Golconda Gold (CVE:GGGet Free Report) last issued its quarterly earnings results on Wednesday, May 29th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$2.97 million during the quarter. Golconda Gold had a negative net margin of 22.95% and a negative return on equity of 6.66%. As a group, equities research analysts forecast that Golconda Gold Ltd. will post 0.05 EPS for the current fiscal year.

About Golconda Gold

(Get Free Report)

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.

Further Reading

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