Highway 50 Gold (CVE:HWY) Trading Up 12.5%

Highway 50 Gold Corp. (CVE:HWY) was up 12.5% during mid-day trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 10,555 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 12,323 shares. The stock had previously closed at C$0.16.

Highway 50 Gold Stock Up 12.5 %

The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 52.19. The company has a market capitalization of C$8.31 million, a price-to-earnings ratio of -1.80 and a beta of -0.10. The stock’s fifty day moving average price is C$0.19 and its 200-day moving average price is C$0.15.

About Highway 50 Gold

Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.