Mexican Gold Corp (CVE:MEX)’s share price shot up 15.4% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08, 403,500 shares traded hands during mid-day trading. An increase of 417% from the average session volume of 78,067 shares. The stock had previously closed at C$0.07.
Separately, Fundamental Research set a C$0.34 price objective on Mexican Gold and gave the stock a “sector perform” rating in a research report on Tuesday, October 1st.
The firm has a market capitalization of $10.33 million and a P/E ratio of -1.17. The business has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.11.
Mexican Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties in North America. It primarily explores for diamond, gold, silver, and copper deposits. The company holds interest in the Las Minas project that includes five mineral concessions located in the state of Veracruz, Mexico.
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