Fura Gems (CVE:FURA) Stock Price Down 3.3% – Here’s Why

Fura Gems Inc. (CVE:FURA)’s share price was down 3.3% on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 10,000 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 128,388 shares. The stock had previously closed at C$0.15.

Fura Gems Stock Down 3.3 %

The firm’s 50-day simple moving average is C$0.14 and its 200-day simple moving average is C$0.14. The company has a debt-to-equity ratio of 1,870.18, a quick ratio of 0.12 and a current ratio of 0.26. The company has a market capitalization of C$39.45 million, a price-to-earnings ratio of -1.22 and a beta of 1.06.

Fura Gems Company Profile

Fura Gems Inc, a gemstone mining and marketing company, engages in the mining, exploration and acquisition of gemstone licenses in Barbados, the British Virgin Islands, Colombia, Dubai, India, Mozambique, Madagascar, and Australia. It holds a 100% interests in four ruby licenses in the Montepuez district of Cabo Delgado province in Mozambique; and a 76% interests in the Coscuez license that covers an area of covers an area of 46 hectares in San Pablo de Borbur, Boyacá District of Colombia.