EnGold Mines (CVE:EGM) Trading Down 12.5% – Should You Sell?

Shares of EnGold Mines Ltd. (CVE:EGM) fell 12.5% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. 218,500 shares traded hands during trading, an increase of 1,483% from the average session volume of 13,807 shares. The stock had previously closed at C$0.04.

EnGold Mines Stock Performance

The company has a debt-to-equity ratio of 29.40, a quick ratio of 0.11 and a current ratio of 0.01. The firm has a market cap of C$1.45 million, a price-to-earnings ratio of -1.75 and a beta of -0.63. The stock has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.06.

About EnGold Mines

EnGold Mines Ltd. explores for and evaluates mineral properties in Canada. The company explores for gold, copper, and silver deposits. It holds 100% interest in the Lac La Hache property covering an area of 25,750 hectares located in the Cariboo region of central British Columbia, Canada. The company was formerly known as GWR Resources Inc and changed its name to EnGold Mines Ltd.