Blue Star Gold (CVE:BAU) Shares Down 6.4% – Here’s Why

Blue Star Gold Corp. (CVE:BAU) fell 6.4% during trading on Friday . The company traded as low as C$0.22 and last traded at C$0.22. 2,500 shares changed hands during trading, a decline of 96% from the average session volume of 61,415 shares. The stock had previously closed at C$0.24.

Blue Star Gold Price Performance

The company’s 50-day moving average is C$0.26 and its 200-day moving average is C$0.22. The firm has a market capitalization of C$35.21 million, a price-to-earnings ratio of -7.33 and a beta of -0.60. The company has a debt-to-equity ratio of 54.87, a current ratio of 0.90 and a quick ratio of 0.44.

Blue Star Gold Company Profile

Blue Star Gold Corp. engages in the acquiring, exploring, and evaluating mineral properties in Canada. Its flagship asset is the Ulu Gold Project that comprise the Ulu Mining Lease and the contiguous Hood River Property that covers an area of approximately 12,000 hectares located in the Kitikmeot Region of western Nunavut, Canada. The company was formerly known as WPC Resources Inc and changed its name to Blue Star Gold Corp. in January 2019. Blue Star Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.