First Mexican Gold (CVE:FMG) Stock Falls 2.5% – Here’s What Happened

First Mexican Gold Corp (CVE:FMG) fell 2.5% during trading on Wednesday. The stock traded as low as C$0.39 and last traded at C$0.40. Approximately 58,211 shares changed hands during trading, an increase of 55% from the average session volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Stock Down 2.5%

The firm has a market cap of C$17.52 million and a P/E ratio of -131.67. The stock’s 50 day simple moving average is C$0.39 and its 200 day simple moving average is C$0.40. The company has a debt-to-equity ratio of 20.62, a quick ratio of 0.04 and a current ratio of 0.04.

About First Mexican Gold

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.