Cora Gold (LON:CORA) Reaches New 1-Year High – Here’s Why

Shares of Cora Gold Limited (LON:CORA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 11 and last traded at GBX 10.31, with a volume of 3905358 shares. The stock had previously closed at GBX 9.25.

Cora Gold Price Performance

The company has a market cap of £50.23 million, a price-to-earnings ratio of -34.48 and a beta of 0.46. The company has a quick ratio of 5.23, a current ratio of 1.05 and a debt-to-equity ratio of 64.34. The company has a fifty day simple moving average of GBX 7.32 and a two-hundred day simple moving average of GBX 7.62.

Cora Gold Company Profile

Cora Gold Ltd (AIM: CORA) is a gold developer 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.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.