Fura Gems (CVE:FURA) Shares Down 3.3% – Time to Sell?

Fura Gems Inc. (CVE:FURA)’s share price dropped 3.3% during trading on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 10,000 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 128,388 shares. The stock had previously closed at C$0.15.

Fura Gems Trading Down 3.3 %

The company has a quick ratio of 0.12, a current ratio of 0.26 and a debt-to-equity ratio of 1,870.18. The firm’s 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.14. The stock has a market capitalization of C$39.45 million, a P/E ratio of -1.22 and a beta of 1.06.

About Fura Gems

Fura Gems Inc, a gemstone mining and marketing company, engages in the mining, exploration and acquisition of gemstone licenses in Barbados, the British Virgin Islands, Colombia, Dubai, India, Mozambique, Madagascar, and Australia. It holds a 100% interests in four ruby licenses in the Montepuez district of Cabo Delgado province in Mozambique; and a 76% interests in the Coscuez license that covers an area of covers an area of 46 hectares in San Pablo de Borbur, Boyacá District of Colombia.