Avidian Gold (CVE:AVG) Shares Down 23.5% – Here’s Why

Avidian Gold Corp. (CVE:AVGGet Free Report) shares fell 23.5% during trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13. 140,214 shares traded hands during trading, an increase of 653% from the average session volume of 18,623 shares. The stock had previously closed at C$0.17.

Avidian Gold Trading Down 23.5%

The stock has a fifty day moving average of C$0.14 and a 200-day moving average of C$0.12. The company has a market cap of C$1.61 million, a PE ratio of 4.33 and a beta of 0.22. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.43 and a current ratio of 5.11.

About Avidian Gold

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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.

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