Golconda Gold (CVE:GG) Trading Up 21.1%

Golconda Gold Ltd. (CVE:GG)’s stock price shot up 21.1% during trading on Tuesday . The stock traded as high as C$0.35 and last traded at C$0.35. 100,080 shares changed hands during mid-day trading, an increase of 323% from the average session volume of 23,632 shares. The stock had previously closed at C$0.29.

Golconda Gold Stock Performance

The company’s 50 day simple moving average is C$0.25 and its 200 day simple moving average is C$0.23. 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 stock has a market cap of C$23.88 million, a PE ratio of -8.88 and a beta of 2.78.

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

Golconda Gold Company Profile

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.