Equinox Gold (CVE:EQX) Shares Down 0.9% – Time to Sell?

Equinox Gold Corp (CVE:EQX)’s share price fell 0.9% during trading on Monday . The company traded as low as C$7.75 and last traded at C$7.88. 53,583 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 153,529 shares. The stock had previously closed at C$7.95.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EQX shares. CIBC upped their price target on Equinox Gold from C$9.50 to C$10.00 and gave the company a “neutral” rating in a report on Monday, April 7th. National Bankshares boosted their target price on Equinox Gold from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th.

Equinox Gold Stock Performance

The company has a market capitalization of C$892.46 million and a P/E ratio of -43.54. The business has a 50 day moving average of C$7.88 and a 200 day moving average of C$7.88. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28.

Insider Activity at Equinox Gold

In related news, Senior Officer Kelly Grant Boychuk sold 7,002 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of C$9.29, for a total value of C$65,048.58. Also, Director Maryse Belanger sold 17,148 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of C$8.34, for a total value of C$143,014.32. Insiders have sold a total of 24,803 shares of company stock valued at $214,129 over the last 90 days.

About Equinox Gold

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in Maranhão State, Brazil; and the Castle Mountain property situated in California, the United States.