Golconda Gold (CVE:GG) Trading 25% Higher

Golconda Gold Ltd. (CVE:GG)’s share price traded up 25% during mid-day trading on Wednesday . The company traded as high as C$0.30 and last traded at C$0.30. 132,202 shares changed hands during trading, an increase of 508% from the average session volume of 21,728 shares. The stock had previously closed at C$0.24.

Golconda Gold Trading Up 25.0 %

The business has a fifty day moving average of C$0.24 and a 200-day moving average of C$0.22. The company has a debt-to-equity ratio of 14.55, a quick ratio of 0.20 and a current ratio of 0.14. The company has a market capitalization of C$21.38 million, a P/E ratio of -6.00 and a beta of 2.78.

Golconda Gold (CVE:GG) last issued its earnings results on Wednesday, May 29th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$2.97 million during the quarter. Golconda Gold had a negative return on equity of 6.66% and a negative net margin of 22.95%. Analysts anticipate that Golconda Gold Ltd. will post 0.05 earnings per share for the current fiscal year.

About Golconda Gold

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.