Lincoln Gold Mining (CVE:LMG) Stock Price Down 20% – Should You Sell?

Lincoln Gold Mining Inc. (CVE:LMGGet Free Report) dropped 20% during trading on Monday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 96,764 shares changed hands during trading, an increase of 122% from the average daily volume of 43,573 shares. The stock had previously closed at C$0.35.

Lincoln Gold Mining Stock Performance

The business has a fifty day moving average of C$0.24 and a two-hundred day moving average of C$0.22. The firm has a market capitalization of C$6.45 million, a price-to-earnings ratio of -2.70 and a beta of 1.42.

Lincoln Gold Mining Company Profile

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Lincoln Gold Mining Inc engages in the exploration and development of precious metals in the United States and Canada. It explores for gold, copper, nickel, and cobalt deposits. The company holds interests in the Pine Grove gold property with mining leases on the Wilson and Wheeler mines, and 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada; and the Oro Cruz gold property that consists of 151 lode claims covering an area of approximately 3,000 acres located in Imperial County, California.

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