Lincoln Gold Mining (CVE:LMG) Shares Down 12% – What’s Next?

Lincoln Gold Mining Inc. (CVE:LMG)’s share price traded down 12% during mid-day trading on Wednesday . The company traded as low as C$0.22 and last traded at C$0.22. 4,473 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 23,273 shares. The stock had previously closed at C$0.25.

Lincoln Gold Mining Price Performance

The business’s 50 day moving average is C$0.26 and its 200-day moving average is C$0.25. The company has a market cap of C$3.78 million, a PE ratio of 0.34 and a beta of 1.96.

About Lincoln Gold Mining

Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.