Desert Gold Ventures (CVE:DAU) Trading Down 11.1% – Here’s Why

Desert Gold Ventures Inc. (CVE:DAUGet Free Report) dropped 11.1% during trading on Monday . The company traded as low as C$0.11 and last traded at C$0.12. Approximately 490,950 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 766,613 shares. The stock had previously closed at C$0.14.

Desert Gold Ventures Stock Down 11.1%

The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 124.81. The business’s 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.10. The company has a market capitalization of C$43.28 million, a PE ratio of -12.00 and a beta of 1.69.

About Desert Gold Ventures

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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.

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