Lexington Gold (LON:LEX) Stock Price Down 1.4% – Time to Sell?

Shares of Lexington Gold Ltd (LON:LEXGet Free Report) traded down 1.4% on Friday . The company traded as low as GBX 3.26 ($0.04) and last traded at GBX 3.45 ($0.04). 1,037,449 shares changed hands during mid-day trading, an increase of 287% from the average session volume of 267,778 shares. The stock had previously closed at GBX 3.50 ($0.04).

Lexington Gold Stock Performance

The business has a fifty day simple moving average of GBX 3.77 and a two-hundred day simple moving average of GBX 3.88. The company has a quick ratio of 0.91, a current ratio of 1.79 and a debt-to-equity ratio of 11.78. The company has a market cap of £13.76 million, a P/E ratio of -17.00 and a beta of -1.04.

About Lexington Gold

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Lexington Gold Ltd engages in the exploration and development of gold projects in the United States. It holds interest in the four projects that covers a combined area of approximately 1,550 acres in North and South Carolina, the United States. The company was formerly known as Richland Resources Ltd and changed its name to Lexington Gold Ltd in December 2020.

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