Gossan Resources Limited (CVE:GSS – Get Free Report) dropped 25% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 215,000 shares were traded during trading, an increase of 124% from the average daily volume of 96,090 shares. The stock had previously closed at C$0.04.
Gossan Resources Trading Down 12.5%
The stock has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.03. The firm has a market cap of C$2.36 million, a price-to-earnings ratio of -3.50 and a beta of -1.27.
About Gossan Resources
Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.
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