Highway 50 Gold (CVE:HWY) Shares Down 30% – Here’s What Happened

Highway 50 Gold Corp. (CVE:HWY) traded down 30% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. 92,000 shares were traded during mid-day trading, an increase of 323% from the average session volume of 21,725 shares. The stock had previously closed at C$0.20.

Highway 50 Gold Price Performance

The company has a 50-day moving average of C$0.23 and a 200 day moving average of C$0.20. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 61.21. The stock has a market capitalization of C$7.15 million, a PE ratio of -1.72 and a beta of 0.08.

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.