Argonaut Gold (TSE:AR) Stock Price Up 4% – Time to Buy?

Argonaut Gold Inc. (TSE:ARGet Free Report) was up 4% during trading on Monday . The company traded as high as C$0.52 and last traded at C$0.52. Approximately 3,783,430 shares were traded during trading, an increase of 32% from the average daily volume of 2,872,203 shares. The stock had previously closed at C$0.50.

Argonaut Gold Price Performance

The stock has a market capitalization of C$660.40 million, a PE ratio of -1.44 and a beta of 1.72. The company has a debt-to-equity ratio of 53.95, a current ratio of 0.61 and a quick ratio of 0.82. The firm’s 50 day simple moving average is C$0.52 and its 200 day simple moving average is C$0.44.

About Argonaut Gold

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Argonaut Gold Inc engages in production and sale of gold, and mine development and exploration businesses in North America. It also explores for silver. The company's flagship property is the 100% owned Magino mine property comprising seven patented mining claims, four leased mining claims, and 69 unpatented mining claims totaling 2,204.495 hectares located in Ontario, Canada.

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