Golconda Gold (CVE:GG) Hits New 1-Year High – Time to Buy?

Golconda Gold Ltd. (CVE:GGGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.79 and last traded at C$2.72, with a volume of 58073 shares changing hands. The stock had previously closed at C$2.56.

Golconda Gold Stock Up 9.0%

The company has a debt-to-equity ratio of 15.32, a current ratio of 0.31 and a quick ratio of 0.20. The firm’s 50-day moving average price is C$2.15 and its 200 day moving average price is C$1.65. The firm has a market capitalization of C$199.21 million, a price-to-earnings ratio of 27.90 and a beta of 4.50.

About Golconda Gold

(Get Free Report)

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. The company is headquartered in Toronto, Canada.

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