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.
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.
See Also: Coverage Ratio
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