Avidian Gold (CVE:AVG) Stock Price Up 15.4% – Here’s Why

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

Avidian Gold Stock Performance

The company has a quick ratio of 0.43, a current ratio of 5.11 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.12. The firm has a market cap of C$1.92 million, a PE ratio of 5.17 and a beta of 0.02.

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.