Algold Resources Ltd. (ALG.V) (CVE:ALG) Stock Price Down 3.3% – Here’s What Happened

Algold Resources Ltd. (ALG.V) (CVE:ALG)’s share price dropped 3.3% during mid-day trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.15. Approximately 17,800 shares traded hands during trading, a decline of 45% from the average daily volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Stock Down 3.3 %

The company’s 50-day moving average price is C$0.14 and its 200 day moving average price is C$0.14. The company has a debt-to-equity ratio of 19.21, a quick ratio of 0.03 and a current ratio of 0.04. The stock has a market cap of C$4.04 million and a PE ratio of -0.44.

Algold Resources Ltd. (ALG.V) Company Profile

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.