Pershing Gold (TSE:PGLC) Shares Down 11.6%

Pershing Gold Co. (TSE:PGLCGet Free Report) was down 11.6% during mid-day trading on Monday . The company traded as low as C$1.64 and last traded at C$1.68. Approximately 6,500 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 7,601 shares. The stock had previously closed at C$1.90.

Pershing Gold Price Performance

The stock has a market cap of C$56.59 million and a price-to-earnings ratio of -3.19. The business has a fifty day simple moving average of C$1.68. The company has a debt-to-equity ratio of 6.90, a current ratio of 0.57 and a quick ratio of 0.35.

Pershing Gold Company Profile

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As of April 3, 2019, Pershing Gold Corporation was acquired by Americas Silver Corporation. Pershing Gold Corporation explores for, develops, and mines gold and precious metals in Nevada. It focuses on the exploration of the Relief Canyon properties covering an area of approximately 29,000 acres located in Pershing County in northwestern Nevada.

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