Golconda Gold (CVE:GG) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Golconda Gold Ltd. (CVE:GG)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.27 and traded as low as C$0.25. Golconda Gold shares last traded at C$0.26, with a volume of 32,500 shares.

Golconda Gold Price Performance

The company has a debt-to-equity ratio of 16.35, a quick ratio of 0.20 and a current ratio of 0.33. The stock’s 50-day moving average is C$0.27 and its two-hundred day moving average is C$0.26. The stock has a market cap of C$18.53 million, a PE ratio of -6.50 and a beta of 2.80.

Golconda Gold (CVE:GG) last released its quarterly earnings results on Monday, August 26th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$4.08 million for the quarter. Golconda Gold had a negative return on equity of 7.90% and a negative net margin of 24.15%. On average, equities analysts predict that Golconda Gold Ltd. will post 0.05 earnings per share for the current year.

Insider Activity at Golconda Gold

In other Golconda Gold news, Director Ravi Sood acquired 500,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of C$0.21 per share, for a total transaction of C$105,000.00. 17.59% of the stock is currently owned by company insiders.

About Golconda Gold

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd.