Shares of Gossan Resources Limited (CVE:GSS – Get Free Report) rose 16.7% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 470,000 shares changed hands during mid-day trading, an increase of 399% from the average daily volume of 94,256 shares. The stock had previously closed at C$0.03.
Gossan Resources Trading Down 12.5%
The company has a market cap of C$2.36 million, a P/E ratio of -3.50 and a beta of -1.27. The company has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03.
About Gossan Resources
Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.
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