Visible Gold Mines (CVE:VGD) Stock Price Down 20% – Here’s Why

Shares of Visible Gold Mines Inc. (CVE:VGDGet Free Report) traded down 20% on Saturday . The company traded as low as C$0.16 and last traded at C$0.16. 312,100 shares were traded during trading, an increase of 324% from the average session volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Stock Performance

The stock has a market capitalization of C$5.94 million, a PE ratio of 2.67 and a beta of 2.24. The business’s 50 day moving average is C$0.15 and its 200 day moving average is C$0.12. The company has a current ratio of 0.10, a quick ratio of 1.56 and a debt-to-equity ratio of -25.18.

Visible Gold Mines Company Profile

(Get Free Report)

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

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