Cora Gold (LON:CORA) Shares Down 24% – Here’s What Happened

Cora Gold Limited (LON:CORA) shares fell 24% during mid-day trading on Monday . The stock traded as low as GBX 9 and last traded at GBX 9.87. 468,588 shares traded hands during trading, a decline of 30% from the average session volume of 669,430 shares. The stock had previously closed at GBX 12.98.

Cora Gold Trading Down 24.0%

The firm has a market cap of £49.57 million, a price-to-earnings ratio of -34.03 and a beta of 0.80. The firm has a 50-day moving average of GBX 9.35 and a two-hundred day moving average of GBX 8.25.

Cora Gold Company Profile

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.