Algold Resources Ltd. (ALG.V) (CVE:ALG) Shares Down 3.3% – Should You Sell?

Algold Resources Ltd. (ALG.V) (CVE:ALG)’s share price dropped 3.3% on Friday . The stock traded as low as C$0.11 and last traded at C$0.15. Approximately 17,800 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Stock Performance

The firm’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.14. The company has a debt-to-equity ratio of 19.21, a quick ratio of 0.03 and a current ratio of 0.04. The firm has a market cap of C$4.04 million and a PE ratio of -0.44.

Algold Resources Ltd. (ALG.V) Company Profile

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.