Pistol Bay Mining (CVE:PST) Trading Down 14.3%

Shares of Pistol Bay Mining Inc (CVE:PST) dropped 14.3% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03, approximately 233,000 shares were traded during mid-day trading. A decline of 15% from the average daily volume of 274,214 shares. The stock had previously closed at C$0.04.

The company has a market cap of $1.96 million and a price-to-earnings ratio of -1.48. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a 50 day simple moving average of C$0.04.

About Pistol Bay Mining (CVE:PST)

Pistol Bay Mining Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for zinc, copper, uranium, and other base metal deposits. The company primarily focuses on the 100% optioned properties in Confederation Lake volcanogenic massive sulphide greenstone belt, including Garnet Lake/Arrow Zone; Dixie 17, 18, 19, 20, and 3; Fredart and Copperlode; Ben Lake, Joy, and Caravelle; and Lucky 7/Moth claims located in Ontario.

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