Kestrel Gold (CVE:KGC) Stock Price Down 12.5% – Here’s What Happened

Kestrel Gold Inc. (CVE:KGC)’s stock price was down 12.5% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 172,000 shares changed hands during mid-day trading, an increase of 181% from the average daily volume of 61,304 shares. The stock had previously closed at C$0.04.

Kestrel Gold Price Performance

The company has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.05. The stock has a market cap of C$3.81 million, a P/E ratio of -8.75 and a beta of 2.69.

About Kestrel Gold

Kestrel Gold Inc, an early-stage exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds 100% interest in the King Solomon Dome project located in Yukon Territory. It also has an option agreement to acquire 100% interest in the Fireweed located near Kitimat, British Columbia; and the flagship QCM project covering an area of 69 square kilometers located in northern British Columbia.