EnGold Mines (CVE:EGM) Trading Down 12.5% – What’s Next?

EnGold Mines Ltd. (CVE:EGM)’s share price was down 12.5% during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.04. Approximately 218,500 shares were traded during 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 Trading Down 12.5 %

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

EnGold Mines Company Profile

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.