Manitou Gold (CVE:MTU) Shares Down 16.7%

Shares of Manitou Gold Inc. (CVE:MTU) were down 16.7% during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 3,465,050 shares traded hands during trading, an increase of 708% from the average daily volume of 428,767 shares. The stock had previously closed at C$0.06.

The business’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The company has a market capitalization of $11.54 million and a PE ratio of -3.13.

About Manitou Gold (CVE:MTU)

Manitou Gold Inc acquires, explores for, and develops mineral properties in Canada. The company explores for gold properties. Its principal mineral assets include a 100% interest in the Kenwest property that holds 32 patented mining claims and 10 mining licenses of occupation covering 599 hectares located in the Township of Boyer Lake; and a 100% interest in the Gaffney property comprising 26 unpatented claims covering 4,560 hectares and 12 patented claims totaling 174 hectares located in the south of Dryden, Ontario.

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