Strikepoint Gold (CVE:SKP) Shares Down 12.5%

Strikepoint Gold Inc (CVE:SKP) shares dropped 12.5% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, approximately 725,000 shares traded hands during trading. An increase of 283% from the average daily volume of 189,333 shares. The stock had previously closed at C$0.04.

The company’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.10. The firm has a market cap of $4.21 million and a P/E ratio of -0.75.

About Strikepoint Gold (CVE:SKP)

StrikePoint Gold Inc primarily engages in the acquisition, exploration, and development of gold properties in the Yukon, British Columbia, Ontario, and Manitoba in Canada. It also explores for copper, silver, lead, and zinc deposits. The company was formerly known as Marum Resources Inc and changed its name to StrikePoint Gold Inc in June 2009.

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