Shares of Gossan Resources Limited (CVE:GSS – Get Free Report) rose 16.7% during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 322,000 shares traded hands during trading, an increase of 397% from the average daily volume of 64,834 shares. The stock had previously closed at C$0.03.
Gossan Resources Stock Performance
The firm has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The firm has a market capitalization of C$2.36 million, a price-to-earnings ratio of 23.66 and a beta of 1.63.
Gossan Resources Company Profile
Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.
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