Shares of Tembo Gold Corp. (CVE:TEM – Get Free Report) dropped 11.1% during trading on Thursday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 54,000 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 63,688 shares. The stock had previously closed at C$0.18.
Tembo Gold Stock Performance
The stock has a market capitalization of C$16.86 million, a P/E ratio of -5.33 and a beta of 0.62. The firm has a 50-day moving average of C$0.16 and a 200 day moving average of C$0.17. The company has a quick ratio of 5.80, a current ratio of 0.36 and a debt-to-equity ratio of 9.69.
About Tembo Gold
Tembo Gold Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Tanzania. The company primarily explores for gold deposits. Its flagship project is the Tembo gold property covering an area of 32 square kilometers located in the Lake Victoria goldfield district in northwest Tanzania.
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