Gossan Resources (CVE:GSS) Trading Down 12.5% – Here’s Why

Gossan Resources Limited (CVE:GSS) shares fell 12.5% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 123,000 shares traded hands during trading, an increase of 21% from the average session volume of 101,239 shares. The stock had previously closed at C$0.04.

Gossan Resources Stock Performance

The company has a market capitalization of C$2.36 million, a price-to-earnings ratio of -3.50 and a beta of -1.11. The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.

Gossan Resources Company Profile

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.