Balmoral Resources (TSE:BAR) Trading Down 1.2% – Here’s Why

Balmoral Resources Ltd (TSE:BARGet Free Report) fell 1.2% on Monday . The stock traded as low as C$0.79 and last traded at C$0.80. 606,717 shares were traded during trading, a decline of 15% from the average session volume of 712,691 shares. The stock had previously closed at C$0.81.

Balmoral Resources Trading Down 1.2 %

The company has a market capitalization of C$142.23 million and a PE ratio of -66.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.19 and a current ratio of 5.28. The firm’s 50-day moving average is C$0.80.

Balmoral Resources Company Profile

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Balmoral Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, nickel, copper, cobalt, platinum, and palladium deposits. Its principal project is the Detour Trend gold project located in Quebec.

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