Gossan Resources (CVE:GSS) Hits New 1-Year Low – Here’s Why

Gossan Resources Limited (CVE:GSS)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 10000 shares trading hands. The stock had previously closed at C$0.02.

Gossan Resources Trading Down 25.0 %

The company has a 50-day moving average of C$0.02 and a 200-day moving average of C$0.03. The company has a market capitalization of C$1.00 million, a price-to-earnings ratio of 2.00 and a beta of 1.63.

Gossan Resources Company Profile

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.