Shares of Gold Road Resources Ltd (ASX:GOR) traded up 7.8% during mid-day trading on Wednesday . The company traded as high as A$1.19 ($0.84) and last traded at A$1.17 ($0.83), 5,005,201 shares were traded during mid-day trading. An increase of 437% from the average session volume of 932,759 shares. The stock had previously closed at A$1.09 ($0.77).
The stock has a market cap of $1.03 billion and a PE ratio of -31.62. The business’s 50-day simple moving average is A$1.11 and its 200-day simple moving average is A$1.18. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 57.69.
In other news, insider Justin Osborne sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of A$1.33 ($0.95), for a total value of A$666,500.00 ($472,695.04).
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia.
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