Ravi Sood Buys 500,000 Shares of Golconda Gold Ltd. (CVE:GG) Stock

Golconda Gold Ltd. (CVE:GG) Director Ravi Sood purchased 500,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was purchased at an average price of C$0.21 per share, for a total transaction of C$105,000.00.

Golconda Gold Price Performance

Shares of CVE:GG opened at C$0.21 on Friday. Golconda Gold Ltd. has a twelve month low of C$0.09 and a twelve month high of C$0.38. The stock’s 50 day moving average is C$0.28 and its 200-day moving average is C$0.25. The company has a quick ratio of 0.20, a current ratio of 0.60 and a debt-to-equity ratio of 15.95. The firm has a market capitalization of C$14.97 million, a price-to-earnings ratio of -5.25 and a beta of 2.82.

Golconda Gold (CVE:GG) last released its quarterly earnings data on Wednesday, May 29th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$2.97 million for the quarter. Golconda Gold had a negative return on equity of 6.46% and a negative net margin of 21.18%. Sell-side analysts forecast that Golconda Gold Ltd. will post 0.05 EPS for the current fiscal year.

Golconda Gold Company Profile

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.