Prosper Gold (CVE:PGX) Trading Down 23.1% – Time to Sell?

Prosper Gold Corp. (CVE:PGX) dropped 23.1% during mid-day trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 696,059 shares traded hands during mid-day trading, an increase of 346% from the average daily volume of 155,986 shares. The stock had previously closed at C$0.07.

Prosper Gold Stock Performance

The firm has a market capitalization of C$3.10 million, a price-to-earnings ratio of -1.25 and a beta of 0.52. The firm’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.91 and a current ratio of 5.80.

Prosper Gold Company Profile

Prosper Gold Corp. acquires, explores, and develops mineral properties in Canada. It explores for copper and gold resources. The company's flagship project is Golden Sidewalk project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The company was formerly known as Lander Energy Corporation and changed its name to Prosper Gold Corp. in April 2012. Prosper Gold Corp. was incorporated in 2007 and is based in Vancouver, Canada.