Desert Gold Ventures (CVE:DAU) Shares Down 15% – Should You Sell?

Desert Gold Ventures Inc. (CVE:DAU) shares were down 15% on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 1,566,440 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 1,292,361 shares. The stock had previously closed at C$0.10.

Desert Gold Ventures Stock Down 10.0%

The firm has a market cap of C$24.34 million, a P/E ratio of -7.50 and a beta of 0.81. The firm’s 50-day moving average price is C$0.08 and its 200 day moving average price is C$0.07. The company has a debt-to-equity ratio of 124.81, a current ratio of 1.53 and a quick ratio of 0.54.

About Desert Gold Ventures

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.