Granada Gold Mine (CVE:GGM) Shares Down 11.1% – What’s Next?

Granada Gold Mine Inc. (CVE:GGMGet Free Report) was down 11.1% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 147,000 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 210,871 shares. The stock had previously closed at C$0.05.

Granada Gold Mine Trading Down 11.1%

The firm’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.04. The stock has a market cap of C$6.60 million, a price-to-earnings ratio of -4.00 and a beta of 3.78.

Granada Gold Mine Company Profile

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.

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