Desert Gold Ventures (CVE:DAU) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Desert Gold Ventures Inc. (CVE:DAU)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.13 and traded as low as C$0.10. Desert Gold Ventures shares last traded at C$0.12, with a volume of 768,787 shares traded.

Desert Gold Ventures Price Performance

The company has a debt-to-equity ratio of 124.81, a current ratio of 1.53 and a quick ratio of 0.54. The stock has a market capitalization of C$45.08 million, a P/E ratio of -12.50 and a beta of 2.01. The stock’s fifty day moving average is C$0.13 and its 200-day moving average is C$0.11.

Desert Gold Ventures Company Profile

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.