Amarillo Gold (CVE:AGC) Shares Up 2.4% – Time to Buy?

Shares of Amarillo Gold Co. (CVE:AGC) were up 2.4% during mid-day trading on Tuesday . The stock traded as high as C$0.43 and last traded at C$0.43. 567,399 shares traded hands during trading, an increase of 70% from the average daily volume of 333,230 shares. The stock had previously closed at C$0.42.

Amarillo Gold Trading Up 2.4%

The company has a debt-to-equity ratio of 3.40, a quick ratio of 11.06 and a current ratio of 11.16. The company has a market cap of C$167.94 million and a price-to-earnings ratio of -33.46. The company’s 50 day moving average price is C$0.43 and its 200 day moving average price is C$0.44.

About Amarillo Gold

Amarillo Gold Corporation, a gold exploration company, engages in the acquisition and exploration of mineral properties, primarily in Brazil. The company's flagship property is the Mara Rosa project that comprises an area of 6,940 hectares of exploration tenements; and mining concessions, which cover an area totaling 2,553 hectares located near the village of Mara Rosa in the State of Goias. Amarillo Gold Corporation is based in Toronto, Canada. As of April 1, 2022, Amarillo Gold Corporation operates as a subsidiary of Hochschild Mining plc.