Guyana Goldfields (TSE:GUY) Stock Price Passes Above 200 Day Moving Average of $1.07

Shares of Guyana Goldfields Inc. (TSE:GUY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.07 and traded as high as $1.02. Guyana Goldfields shares last traded at $0.99, with a volume of 69,027 shares traded.

Separately, Royal Bank of Canada reduced their price objective on Guyana Goldfields from C$1.75 to C$1.50 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th.

The firm has a 50-day moving average of C$1.08 and a 200 day moving average of C$1.07. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.70 and a quick ratio of 1.22. The stock has a market capitalization of $169.19 million and a price-to-earnings ratio of -12.38.

Guyana Goldfields (TSE:GUY) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C($0.03) EPS for the quarter, meeting the consensus estimate of C($0.03). The company had revenue of C$67.92 million for the quarter. On average, equities analysts forecast that Guyana Goldfields Inc. will post 0.07 earnings per share for the current year.

About Guyana Goldfields (TSE:GUY)

Guyana Goldfields Inc engages in the investment, acquisition, exploration, development, and operation of gold properties in Guyana, South America. The company primarily owns a 100% interest in the Aurora Gold Mine located in Guyana. It also holds 15 prospecting licenses covering 146,571 acres. The company was incorporated in 1994 and is headquartered in Toronto, Canada.

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