Magnum Goldcorp (CVE:MGI) Shares Down 20%

Magnum Goldcorp Inc (CVE:MGI)’s stock price dropped 20% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, approximately 1,000 shares traded hands during trading. A decline of 99% from the average daily volume of 82,641 shares. The stock had previously closed at C$0.03.

The firm has a market capitalization of $483,000.00 and a PE ratio of -2.27. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.13 and a current ratio of 0.15. The firm has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.04.

About Magnum Goldcorp (CVE:MGI)

Magnum Goldcorp Inc engages in the acquisition and exploration of mineral resource properties in Canada. It owns 100% interest in the LH gold property, which consists of 19 contiguous crown granted claims and 7 mineral claims located to the south of Silverton, British Columbia. The company was formerly known as Magnum Capital Corp.

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