Cora Gold (LON:CORA) Shares Down 7.8% – Here’s Why

Cora Gold Limited (LON:CORAGet Free Report) fell 7.8% on Tuesday . The company traded as low as GBX 2.10 ($0.03) and last traded at GBX 2.12 ($0.03). 133,575 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 88,447 shares. The stock had previously closed at GBX 2.30 ($0.03).

Cora Gold Price Performance

The company has a fifty day simple moving average of GBX 2.45 and a 200 day simple moving average of GBX 2.20. The stock has a market capitalization of £11.09 million, a price-to-earnings ratio of -140.00 and a beta of 0.46. The company has a debt-to-equity ratio of 64.34, a quick ratio of 5.23 and a current ratio of 7.34.

Cora Gold Company Profile

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Cora Gold is focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

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