Roscan Gold (CVE:ROS) Trading Down 8.7% – Here’s Why

Roscan Gold Co. (CVE:ROS)’s stock price dropped 8.7% during mid-day trading on Wednesday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 329,718 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 399,883 shares. The stock had previously closed at C$0.23.

Roscan Gold Price Performance

The company has a current ratio of 0.19, a quick ratio of 0.31 and a debt-to-equity ratio of -42.13. The business has a 50-day moving average price of C$0.20 and a 200 day moving average price of C$0.15. The stock has a market cap of C$96.47 million, a PE ratio of -36.67 and a beta of 3.22.

Roscan Gold Company Profile

Roscan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in West Africa. The company explores for gold deposits. It holds 100% interests in the Kandiole project comprising nine contiguous gold prospective permits covering an area of approximately 402 square kilometers located in Mali, West Africa. The company was formerly known as Roscan Minerals Corporation and changed its name to Roscan Gold Corporation in September 2018.