Lincoln Gold Mining (CVE:LMG) Stock Price Down 4% – Here’s Why

Shares of Lincoln Gold Mining Inc. (CVE:LMGGet Free Report) were down 4% on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 500 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 22,834 shares. The stock had previously closed at C$0.13.

Lincoln Gold Mining Stock Performance

The stock has a market capitalization of C$2.06 million, a P/E ratio of 0.18 and a beta of 1.96. The stock has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.23.

Lincoln Gold Mining Company Profile

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Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.

Further Reading

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