Golden Valley Mines Ltd. (CVE:GZZ – Get Free Report) shares dropped 2% on Tuesday . The company traded as low as C$12.26 and last traded at C$12.49. Approximately 11,550 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 16,029 shares. The stock had previously closed at C$12.74.
Golden Valley Mines Trading Down 2.0%
The business’s 50 day moving average price is C$12.49 and its two-hundred day moving average price is C$12.49. The company has a current ratio of 2.01, a quick ratio of 8.71 and a debt-to-equity ratio of 0.22. The company has a market capitalization of C$171.65 million and a price-to-earnings ratio of 35.60.
About Golden Valley Mines
Golden Valley Mines Ltd., together with its subsidiaries, engages in identifying, acquiring, and developing exploration and evaluation minerals in Canada. The company primarily explores for gold, copper, zinc, cobalt, silver, molybdenum, nickel, and platinum-group elements. Its assets include 17 exploration properties located in the Abitibi Greenstone Belt; the James Bay, Mistassini, and Otish regions of northern Quebec; the Nunavik region of northern Quebec; and the Athabasca Basin of Saskatchewan.
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