Golconda Gold (CVE:GG) Sets New 12-Month High – Should You Buy?

Golconda Gold Ltd. (CVE:GGGet Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$4.09 and last traded at C$4.03, with a volume of 109452 shares trading hands. The stock had previously closed at C$3.82.

Golconda Gold Price Performance

The company has a debt-to-equity ratio of 15.32, a current ratio of 0.31 and a quick ratio of 0.20. The firm has a market capitalization of C$289.17 million, a price-to-earnings ratio of 40.50 and a beta of 4.81. The business’s fifty day simple moving average is C$3.04 and its 200 day simple moving average is C$2.22.

About Golconda Gold

(Get Free Report)

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. The company is headquartered in Toronto, Canada.

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