Gowest Gold (CVE:GWA) Shares Down 23.7%

Gowest Gold Ltd. (CVE:GWA – Get Rating) traded down 23.7% during mid-day trading on Friday . The company traded as low as C$0.13 and last traded at C$0.15. 163,900 shares traded hands during trading, an increase of 405% from the average session volume of 32,434 shares. The stock had previously closed at C$0.19.

Gowest Gold Price Performance

The company has a debt-to-equity ratio of 14.25, a current ratio of 0.14 and a quick ratio of 0.34. The firm has a market capitalization of C$79.18 million, a P/E ratio of -16.00 and a beta of 1.00. The firm’s 50 day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.13.

About Gowest Gold

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Gowest Gold Ltd. operates as a gold exploration and development company in Canada. The company focuses on the development of its 100% owned Bradshaw gold deposit, which is part of the North Timmins gold project located near Timmins, Ontario. It holds interest in the North Timmins Gold Project that covers 1 patented mining claim, 11 mining leases, and 56 unpatented mining claims covering an area of approximately 11,185 hectares in Evelyn, Gowan, Little, Prosser, Tully, and Wark Townships in the Timmins gold camp.