Freegold Ventures (TSE:FVL) Shares Down 5.3% – Time to Sell?

Freegold Ventures Limited (TSE:FVL) traded down 5.3% during mid-day trading on Thursday . The company traded as low as C$0.70 and last traded at C$0.71. 180,463 shares changed hands during trading, a decline of 35% from the average session volume of 278,255 shares. The stock had previously closed at C$0.75.

Freegold Ventures Price Performance

The company’s 50 day simple moving average is C$0.92 and its 200 day simple moving average is C$0.75. The company has a current ratio of 6.25, a quick ratio of 3.72 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of C$299.44 million, a PE ratio of -63.00 and a beta of 2.52.

About Freegold Ventures

Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious and base metal properties in the United States and Canada. The company explores for gold, copper, silver, cobalt, and tungsten deposits. It holds interests in the Golden Summit property that consists of 53 patented and 107 unpatented federal claims comprises 240 State of Alaska claims that cover a total area of 5,971.6 hectares; and Shorty Creek property comprises 328 State of Alaska mining claims covering an area of 31,478 acres located in Alaska, the United States.