Fury Gold Mines (TSE:FURY) Shares Down 7.4% – Here’s Why

Fury Gold Mines Limited (TSE:FURY) was down 7.4% on Friday. The company traded as low as C$0.62 and last traded at C$0.63. Approximately 173,019 shares changed hands during trading, an increase of 1% from the average session volume of 171,406 shares. The stock had previously closed at C$0.68.

Fury Gold Mines Price Performance

The firm has a market cap of C$119.78 million, a price-to-earnings ratio of -63.00 and a beta of 1.88. The firm’s fifty day moving average is C$0.77 and its 200-day moving average is C$0.83.

Fury Gold Mines (TSE:FURY) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.08 earnings per share for the quarter. As a group, equities research analysts anticipate that Fury Gold Mines Limited will post -0.10 EPS for the current year.

Fury Gold Mines Company Profile

Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a 5.8% equity position in Contango Silver and Gold Inc Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining.