Visible Gold Mines (CVE:VGD) Trading Down 20% – What’s Next?

Shares of Visible Gold Mines Inc. (CVE:VGDGet Free Report) were down 20% on Friday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 312,100 shares were traded during trading, an increase of 324% from the average daily volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Stock Down 20.0%

The firm has a 50 day moving average price of C$0.15 and a 200-day moving average price of C$0.12. The firm has a market cap of C$5.94 million, a price-to-earnings ratio of 2.67 and a beta of 2.24. The company has a debt-to-equity ratio of -25.18, a current ratio of 0.10 and a quick ratio of 1.56.

Visible Gold Mines Company Profile

(Get Free Report)

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

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