Algold Resources (CVE:ALG) Hits New 52-Week Low at $0.10

Algold Resources Ltd (CVE:ALG)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 60107 shares trading hands. The stock had previously closed at C$0.12.

The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 19.21. The firm has a market capitalization of $3.34 million and a P/E ratio of -0.27. The firm’s 50-day simple moving average is C$0.14 and its 200-day simple moving average is C$0.17.

Algold Resources Company Profile (CVE:ALG)

Algold Resources Ltd. acquires, explores, and develops gold mining properties in Mauritania, West Africa. The Tijirit property covering an area of approximately 1,400 square kilometers located in the Tijirit area; the Kneivissat property covering an area of 830 square kilometers; and the Legouessi exploration license located to the north of Nouakchott.

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