Cora Gold (LON:CORA) Shares Down 10.6% – Here’s What Happened

Shares of Cora Gold Limited (LON:CORA) dropped 10.6% during mid-day trading on Tuesday . The company traded as low as GBX 7.10 and last traded at GBX 7.15. Approximately 480,581 shares traded hands during trading, a decline of 37% from the average daily volume of 765,323 shares. The stock had previously closed at GBX 8.

Cora Gold Trading Down 10.6%

The company has a market capitalization of £35.91 million, a PE ratio of -24.66 and a beta of 0.46. The company has a debt-to-equity ratio of 64.34, a quick ratio of 5.23 and a current ratio of 1.05. The business has a fifty day moving average price of GBX 8.07 and a 200 day moving average price of GBX 7.90.

Cora Gold Company Profile

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.