Goliath Resources (CVE:GOT) Shares Up 1.5% – Here’s Why

Goliath Resources Limited (CVE:GOT) was up 1.5% during mid-day trading on Friday. The company traded as high as C$1.71 and last traded at C$1.68. Approximately 138,329 shares changed hands during trading, a decline of 64% from the average daily volume of 388,382 shares. The stock had previously closed at C$1.66.

Goliath Resources Price Performance

The stock has a market cap of C$297.85 million, a P/E ratio of -9.88 and a beta of 2.15. The company’s 50 day simple moving average is C$1.61 and its 200 day simple moving average is C$1.58.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines.

The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.