Gold Springs Resource (TSE:GRC) Shares Down 26.7% – Here’s Why

Gold Springs Resource Corp. (TSE:GRCGet Free Report) shares were down 26.7% on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 163,834 shares changed hands during mid-day trading, an increase of 476% from the average daily volume of 28,439 shares. The stock had previously closed at C$0.08.

Gold Springs Resource Stock Performance

The firm has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.09. The company has a quick ratio of 0.49, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. The company has a market cap of C$16.98 million, a PE ratio of -6.00 and a beta of 0.85.

Gold Springs Resource Company Profile

(Get Free Report)

Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States and Canada. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Gold Springs project covering approximately 7,544 hectares located in straddles eastern Lincoln County, Nevada, and western Iron County, Utah.

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