Goliath Resources (CVE:GOT) Stock Price Down 3.9% – Should You Sell?

Shares of Goliath Resources Limited (CVE:GOT) fell 3.9% during trading on Wednesday . The stock traded as low as C$1.72 and last traded at C$1.72. 487,472 shares changed hands during trading, an increase of 0% from the average session volume of 485,849 shares. The stock had previously closed at C$1.79.

Goliath Resources Price Performance

The company has a market cap of C$298.37 million, a price-to-earnings ratio of -10.12 and a beta of 2.08. The company has a fifty day moving average of C$1.94.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines.

The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.