Amarillo Gold (CVE:AGC) Stock Price Up 2.4% – Here’s Why

Amarillo Gold Co. (CVE:AGCGet Free Report) shares rose 2.4% during trading on Tuesday . The stock traded as high as C$0.44 and last traded at C$0.44. Approximately 567,397 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 333,230 shares. The stock had previously closed at C$0.43.

Amarillo Gold Stock Performance

The stock’s 50 day moving average price is C$0.43 and its 200 day moving average price is C$0.44. The company has a current ratio of 11.17, a quick ratio of 11.06 and a debt-to-equity ratio of 3.40. The company has a market cap of C$167.94 million and a price-to-earnings ratio of -33.46.

About Amarillo Gold

(Get Free Report)

Amarillo Gold Corporation, a gold exploration company, engages in the acquisition and exploration of mineral properties, primarily in Brazil. The company's flagship property is the Mara Rosa project that comprises an area of 6,940 hectares of exploration tenements; and mining concessions, which cover an area totaling 2,553 hectares located near the village of Mara Rosa in the State of Goias.

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