Cora Gold (LON:CORA) Trading Up 22% – What’s Next?

Cora Gold Limited (LON:CORA) was up 22% during mid-day trading on Friday . The stock traded as high as GBX 13 and last traded at GBX 12.50. Approximately 647,609 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 625,634 shares. The stock had previously closed at GBX 10.25.

Cora Gold Price Performance

The company’s fifty day simple moving average is GBX 8.99 and its 200-day simple moving average is GBX 8.16. The firm has a market capitalization of £60.25 million, a PE ratio of -41.36 and a beta of 0.80.

About Cora Gold

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.