Durango Resources (CVE:DGO) Trading Up 42.9% – Time to Buy?

Shares of Durango Resources Inc. (CVE:DGO) rose 42.9% during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,002,740 shares changed hands during trading, an increase of 470% from the average daily volume of 175,990 shares. The stock had previously closed at C$0.04.

Durango Resources Price Performance

The stock has a market capitalization of C$4.24 million, a P/E ratio of -1.00 and a beta of 1.49. The stock’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.03.

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.