StrikePoint Gold (CVE:SKP) Shares Down 11.1% – Here’s What Happened

StrikePoint Gold Inc. (CVE:SKPGet Free Report)’s stock price was down 11.1% during mid-day trading on Friday . The company traded as low as C$0.32 and last traded at C$0.32. Approximately 10,000 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 22,536 shares. The stock had previously closed at C$0.36.

StrikePoint Gold Price Performance

The stock has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.07. The stock has a market capitalization of C$84.44 million, a price-to-earnings ratio of -16.00 and a beta of 1.96.

About StrikePoint Gold

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StrikePoint Gold Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, lead, and zinc deposits. The company was formerly known as Marum Resources Inc and changed its name to StrikePoint Gold Inc in June 2009.

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