Roscan Gold (CVE:ROS) Stock Price Down 11.4% – Here’s Why

Roscan Gold Co. (CVE:ROS)’s stock price fell 11.4% during trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.16. 272,231 shares were traded during mid-day trading, a decline of 33% from the average session volume of 403,486 shares. The stock had previously closed at C$0.18.

Roscan Gold Stock Performance

The company has a debt-to-equity ratio of -71.99, a current ratio of 0.22 and a quick ratio of 0.31. The stock has a market cap of C$67.97 million, a price-to-earnings ratio of -25.83 and a beta of 2.93. The firm has a fifty day moving average of C$0.22 and a 200 day moving average of C$0.18.

Roscan Gold Company Profile

Roscan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in West Africa. The company explores for gold deposits. It holds 100% interests in the Kandiole project comprising nine contiguous gold prospective permits covering an area of approximately 402 square kilometers located in Mali, West Africa. The company was formerly known as Roscan Minerals Corporation and changed its name to Roscan Gold Corporation in September 2018.