Golconda Gold (CVE:GG) Sets New 1-Year High – Here’s Why

Golconda Gold Ltd. (CVE:GG)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$2.85 and last traded at C$2.83, with a volume of 264323 shares changing hands. The stock had previously closed at C$2.41.

Golconda Gold Trading Up 17.4%

The stock has a market cap of C$202.06 million, a PE ratio of 28.30 and a beta of 4.50. The company has a quick ratio of 0.20, a current ratio of 0.31 and a debt-to-equity ratio of 15.32. The firm has a 50-day simple moving average of C$2.25 and a 200-day simple moving average of C$1.73.

Golconda Gold Company Profile

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.