Golconda Gold (CVE:GG) Shares Pass Below Fifty Day Moving Average of $0.26

Golconda Gold Ltd. (CVE:GGGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.26 and traded as low as C$0.24. Golconda Gold shares last traded at C$0.24, with a volume of 26,760 shares trading hands.

Golconda Gold Stock Down 2.1 %

The firm has a market cap of C$16.75 million, a P/E ratio of -5.88 and a beta of 2.78. The company has a current ratio of 0.14, a quick ratio of 0.20 and a debt-to-equity ratio of 14.55. The business has a 50-day moving average price of C$0.26 and a 200-day moving average price of C$0.20.

Golconda Gold (CVE:GGGet Free Report) last released its quarterly earnings data on Monday, April 29th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$2.59 million for the quarter. Golconda Gold had a negative net margin of 22.95% and a negative return on equity of 6.66%. On average, equities analysts forecast that Golconda Gold Ltd. will post 0.05 EPS for the current fiscal year.

About Golconda Gold

(Get Free Report)

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.

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