Equinox Gold (TSE:EQX) Shares Down 2.9% – Should You Sell?

Equinox Gold Corp. (TSE:EQX) shares dropped 2.9% during trading on Friday . The stock traded as low as C$7.97 and last traded at C$8.01. Approximately 569,170 shares changed hands during trading, a decline of 17% from the average daily volume of 683,724 shares. The stock had previously closed at C$8.25.

Equinox Gold Stock Down 2.9 %

The company has a market capitalization of C$3.63 billion, a P/E ratio of 9.89 and a beta of 1.16. The stock has a 50-day moving average price of C$7.87 and a 200-day moving average price of C$7.68. The company has a debt-to-equity ratio of 51.77, a current ratio of 1.10 and a quick ratio of 1.31.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.