Cardinal Resources (TSE:CDV) Share Price Passes Below Fifty Day Moving Average of $0.32
Cardinal Resources Ltd (TSE:CDV)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.32 and traded as low as $0.33. Cardinal Resources shares last traded at $0.33, with a volume of 8,300 shares traded.
Separately, Beacon Securities reaffirmed a “buy” rating on shares of Cardinal Resources in a research report on Thursday, April 4th.
The company has a current ratio of 10.64, a quick ratio of 10.30 and a debt-to-equity ratio of 1,354.15. The company has a market capitalization of $124.54 million and a price-to-earnings ratio of -5.41. The business has a 50-day moving average of C$0.32.
About Cardinal Resources (TSE:CDV)
Cardinal Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Ghana. It primarily explores for gold deposits. The company's principal project is Namdini Gold project located in the Bolgatanga region. Cardinal Resources Limited is based in West Perth, Australia.
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