Vango Mining (ASX:VAN) Stock Price Down 7.1%

Vango Mining Ltd (ASX:VAN) shares were down 7.1% on Friday . The stock traded as low as A$0.20 ($0.14) and last traded at A$0.20 ($0.14), approximately 50,662 shares changed hands during mid-day trading. A decline of 88% from the average daily volume of 437,416 shares. The stock had previously closed at A$0.21 ($0.15).

The company has a market capitalization of $122.54 million and a price-to-earnings ratio of -13.93. The company has a quick ratio of 0.05, a current ratio of 0.07 and a debt-to-equity ratio of 147.60. The company’s 50 day simple moving average is A$0.18 and its two-hundred day simple moving average is A$0.16.

Vango Mining Company Profile (ASX:VAN)

Vango Mining Limited explores for and develops gold deposits in Australia and Laos. Its flagship property is the Plutonic Dome gold project that consists of mineral titles covering an area of approximately 400 square kilometers in Western Australia. The company, through its 49% joint venture interest in Sino Australian Resources (Laos) Co Ltd, also engages in exploring bauxite resources in the Bolaven Plateau in southern Laos.

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