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

Shares of Algold Resources Ltd. (ALG.V) (CVE:ALG) dropped 3.3% during mid-day trading on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.15. Approximately 17,800 shares changed hands during mid-day 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 Performance

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