Avidian Gold (CVE:AVG) Trading 15.4% Higher – Time to Buy?

Avidian Gold Corp. (CVE:AVG)’s share price rose 15.4% on Friday . The stock traded as high as C$0.16 and last traded at C$0.15. Approximately 125,000 shares changed hands during trading, an increase of 411% from the average daily volume of 24,459 shares. The stock had previously closed at C$0.13.

Avidian Gold Stock Up 19.2%

The firm has a market capitalization of C$1.92 million, a price-to-earnings ratio of 5.17 and a beta of 0.02. The firm has a fifty day moving average price of C$0.15 and a 200 day moving average price of C$0.12. The company has a current ratio of 5.11, a quick ratio of 0.43 and a debt-to-equity ratio of 1.13.

Avidian Gold Company Profile

Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America. It also explores for silver and copper properties. The company holds 100% interests in the Golden Zone property covering an area of 12,525 hectares located in Alaska; the Amanita property claims totaling 1,460 hectares situated to the northeast of Fairbanks, Alaska; and the Jungo Property covering an area of 2,000 hectares located in Humboldt mineral trend, Nevada. It also holds 100% interests in the Labrador west iron ore project located in Labrador; and holds 100% interests in the Lac Pegma copper-nickel-cobalt sulphide deposit located in Quebec.