Shares of NTM Gold Ltd (ASX:NTM) were up 15.8% during trading on Wednesday . The stock traded as high as A$0.07 ($0.05) and last traded at A$0.07 ($0.05), approximately 4,306,767 shares traded hands during mid-day trading. An increase of 939% from the average daily volume of 414,394 shares. The stock had previously closed at A$0.06 ($0.04).
The company has a fifty day simple moving average of A$0.06 and a two-hundred day simple moving average of A$0.04. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.46 and a current ratio of 1.49. The company has a market capitalization of $35.03 million and a price-to-earnings ratio of -22.00.
About NTM Gold (ASX:NTM)
NTM Gold Limited engages in the exploration of various mineral properties in Australia. Its principal property is the Redcliffe Gold project covering an area of approximately 170 square kilometers located in the Eastern Goldfields region, Western Australia. The company was formerly known as Northern Manganese Limited and changed its name to NTM Gold Limited in November 2016.
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