Durango Resources (CVE:DGO) Trading 80% Higher – Here’s What Happened

Durango Resources Inc. (CVE:DGO) shot up 80% during mid-day trading on Monday . The company traded as high as C$0.08 and last traded at C$0.05. 8,041,136 shares traded hands during trading, an increase of 6,028% from the average session volume of 131,226 shares. The stock had previously closed at C$0.03.

Durango Resources Trading Down 22.2 %

The firm’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The stock has a market capitalization of C$3.30 million, a PE ratio of -1.00 and a beta of 1.49.

Durango Resources Company Profile

Durango Resources Inc engages in the acquisition and exploration of precious and base mineral resource properties in Canada. It holds 100% interest in a group of properties totaling approximately 9,500 hectares located in the Windfall Lake gold camp in the Abitibi region of Québec, Canada. The company was formerly known as Atocha Resources Inc and changed its name to Durango Resources Inc in February 2013.