EnGold Mines (CVE:EGM) Trading Down 12.5% – Here’s Why

EnGold Mines Ltd. (CVE:EGM) shares dropped 12.5% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. Approximately 218,500 shares changed hands during mid-day trading, an increase of 1,483% from the average daily volume of 13,807 shares. The stock had previously closed at C$0.04.

EnGold Mines Stock Down 12.5 %

The stock’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.06. The company has a market cap of C$1.45 million, a PE ratio of -1.75 and a beta of -0.63. The company has a debt-to-equity ratio of 29.40, a quick ratio of 0.11 and a current ratio of 0.01.

About EnGold Mines

EnGold Mines Ltd. explores for and evaluates mineral properties in Canada. The company explores for gold, copper, and silver deposits. It holds 100% interest in the Lac La Hache property covering an area of 25,750 hectares located in the Cariboo region of central British Columbia, Canada. The company was formerly known as GWR Resources Inc and changed its name to EnGold Mines Ltd.