Cora Gold (LON:CORA) Trading Up 14.2% – Still a Buy?

Cora Gold Limited (LON:CORA)’s share price shot up 14.2% during trading on Thursday . The stock traded as high as GBX 9 and last traded at GBX 8.57. 768,210 shares were traded during mid-day trading, an increase of 117% from the average session volume of 354,394 shares. The stock had previously closed at GBX 7.50.

Cora Gold Stock Performance

The firm has a market capitalization of £43.02 million, a P/E ratio of -29.54 and a beta of 0.46. The company has a debt-to-equity ratio of 64.34, a current ratio of 1.05 and a quick ratio of 5.23. The firm has a 50-day moving average price of GBX 6.38 and a two-hundred day moving average price of GBX 7.40.

Cora Gold Company Profile

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.