Millennium Minerals (ASX:MOY) Shares Down 12.5%

Millennium Minerals Ltd. (ASX:MOY) dropped 12.5% during mid-day trading on Thursday . The stock traded as low as A$0.06 ($0.04) and last traded at A$0.06 ($0.04), approximately 4,738,898 shares traded hands during mid-day trading. The stock had previously closed at A$0.07 ($0.05).

The firm’s 50 day moving average price is A$0.09 and its 200-day moving average price is A$0.11. The stock has a market cap of $56.16 million and a P/E ratio of -2.74. The company has a debt-to-equity ratio of 54.39, a current ratio of 0.40 and a quick ratio of 0.08.

About Millennium Minerals (ASX:MOY)

Millennium Minerals Limited explores, develops, mines, and processes gold properties in Australia. It holds a 100% interest in the Nullagine gold project that covers an area of 276 square kilometers located in the East Pilbara of Western Australia. The company is based in Belmont, Australia.

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