Lincoln Gold Mining (CVE:LMG) Stock Price Down 16.7% – Here’s What Happened

Lincoln Gold Mining Inc. (CVE:LMG)’s stock price dropped 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 11,500 shares changed hands during trading, a decline of 45% from the average daily volume of 20,866 shares. The stock had previously closed at C$0.18.

Lincoln Gold Mining Stock Performance

The company has a market capitalization of C$2.58 million, a P/E ratio of 0.23 and a beta of 1.96. The business has a 50 day moving average of C$0.17 and a 200-day moving average of C$0.16.

Lincoln Gold Mining Company Profile

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.