Prosper Gold (CVE:PGX) Stock Price Down 18.5% – Here’s Why

Shares of Prosper Gold Corp. (CVE:PGX) fell 18.5% during trading on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. 244,900 shares changed hands during mid-day trading, an increase of 175% from the average session volume of 89,141 shares. The stock had previously closed at C$0.14.

Prosper Gold Trading Down 18.5 %

The company’s 50 day simple moving average is C$0.10 and its 200 day simple moving average is C$0.11. The company has a debt-to-equity ratio of 2.34, a current ratio of 5.80 and a quick ratio of 2.91. The firm has a market cap of C$4.49 million, a price-to-earnings ratio of -2.20 and a beta of 1.12.

Prosper Gold Company Profile

Prosper Gold Corp. acquires, explores, and develops mineral properties in Canada. It explores for copper and gold resources. The company's flagship project is Golden Sidewalk project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario.