Visible Gold Mines (CVE:VGD) Shares Down 20% – Here’s Why

Shares of Visible Gold Mines Inc. (CVE:VGDGet Free Report) were down 20% on Friday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 312,100 shares changed hands during mid-day trading, an increase of 324% from the average daily volume of 73,640 shares. The stock had previously closed at C$0.20.

Visible Gold Mines Stock Performance

The stock has a market cap of C$5.94 million, a price-to-earnings ratio of 2.67 and a beta of 2.24. The company’s 50 day simple moving average is C$0.15 and its 200 day simple moving average is C$0.12. The company has a debt-to-equity ratio of -25.18, a quick ratio of 1.56 and a current ratio of 0.10.

Visible Gold Mines Company Profile

(Get Free Report)

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.

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