Anaconda Mining (TSE:ANX) Stock Price Crosses Above 200 Day Moving Average of $0.22

Shares of Anaconda Mining Inc (TSE:ANX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.22 and traded as high as $0.29. Anaconda Mining shares last traded at $0.29, with a volume of 88,910 shares traded.

The company has a market cap of $35.97 million and a price-to-earnings ratio of 72.50. The company’s 50 day moving average price is C$0.27 and its 200 day moving average price is C$0.22. The company has a current ratio of 1.39, a quick ratio of 0.76 and a debt-to-equity ratio of 8.45.

About Anaconda Mining (TSE:ANX)

Anaconda Mining Inc operates as a gold mining, development, and exploration company in Canada. It holds a 100% interest in the Point Rousse project comprising 5 mining leases and 24 mineral licenses with a total of 5,878 hectares located in the Baie Verte Mining District, Newfoundland; Goldboro project comprising 37 contiguous claims covering an area of 600 hectares situated to the northeast of Halifax, Nova Scotia; and Viking project that covers an area of 6,225 hectares of prospective land located in Newfoundland.

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