Avidian Gold (CVE:AVG) Trading Down 26.5% – What’s Next?

Shares of Avidian Gold Corp. (CVE:AVG) traded down 26.5% during mid-day trading on Monday . The stock traded as low as C$0.13 and last traded at C$0.13. 112,714 shares traded hands during mid-day trading, an increase of 785% from the average session volume of 12,739 shares. The stock had previously closed at C$0.17.

Avidian Gold Price Performance

The company’s 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.12. The company has a quick ratio of 0.43, a current ratio of 5.11 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of C$1.61 million, a price-to-earnings ratio of 4.33 and a beta of 0.22.

Avidian Gold Company Profile

Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America. It also explores for silver and copper properties. The company holds 100% interests in the Golden Zone property covering an area of 12,525 hectares located in Alaska; the Amanita property claims totaling 1,460 hectares situated to the northeast of Fairbanks, Alaska; and the Jungo Property covering an area of 2,000 hectares located in Humboldt mineral trend, Nevada. It also holds 100% interests in the Labrador west iron ore project located in Labrador; and holds 100% interests in the Lac Pegma copper-nickel-cobalt sulphide deposit located in Quebec.