Medgold Resources Corp (CVE:MED) reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 118000 shares traded. The stock had previously closed at C$0.06.
Specifically, Director Simon T.P. Ridgway sold 450,000 shares of Medgold Resources stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$0.06, for a total transaction of C$27,000.00. Following the completion of the transaction, the director now owns 2,484,107 shares in the company, valued at C$149,046.42.
The firm has a market cap of $6.16 million and a P/E ratio of -5.00. The business has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.10.
Medgold Resources Corp., an exploration stage company, engages in the acquisition and exploration of resource properties primarily in Serbia. It explores for gold, silver, and precious and base metals. The company holds 100% interest in the Tlamino project that comprises a block of two contiguous claims, including Donje Tlamino and Surlica-Ducat totaling 192 square kilometers; and five granted exploration licenses covering an area of approximately 570 square kilometers located in the Serbo-Macedonian Massif belt, Serbia.
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