Guyana Goldfields (TSE:GUY) Shares Down 4.5%

Guyana Goldfields Inc. (TSE:GUY) shares fell 4.5% during mid-day trading on Monday . The company traded as low as C$0.82 and last traded at C$0.84, 226,419 shares traded hands during mid-day trading. A decline of 65% from the average session volume of 652,918 shares. The stock had previously closed at C$0.88.

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

The stock has a 50-day simple moving average of C$0.99 and a 200-day simple moving average of C$1.04. The company has a market capitalization of $152.71 million and a price-to-earnings ratio of -10.38. The company has a current ratio of 2.70, a quick ratio of 1.22 and a debt-to-equity ratio of 1.07.

Guyana Goldfields (TSE:GUY) last announced its earnings results on Tuesday, July 30th. The company reported C($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C($0.03). The business had revenue of C$67.92 million during the quarter. On average, research analysts forecast that Guyana Goldfields Inc. will post 0.13 EPS for the current year.

Guyana Goldfields Company Profile (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.

Further Reading: Capital Gains Distribution

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