Nordic Gold Inc (CVE:NOR)’s share price dropped 22.7% during mid-day trading on Monday . The company traded as low as C$0.08 and last traded at C$0.09. Approximately 1,170,043 shares changed hands during mid-day trading, an increase of 584% from the average daily volume of 171,076 shares. The stock had previously closed at C$0.11.
The company has a debt-to-equity ratio of 59.42, a quick ratio of 0.96 and a current ratio of 1.40. The firm has a market capitalization of $21.49 million and a PE ratio of 0.63.
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Nordic Gold Corp., a junior mining company, engages in the acquisition and exploration of gold, precious, and base metal properties primarily in Canada and internationally. It holds 100% interest in the Laiva Mine property located in Raahe, Finland; and 49% interest in the Sheslay that comprise 19 mineral claim licenses located in the Atlin mining division of northwestern British Columbia, Canada.
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