Granada Gold Mine (CVE:GGM) Trading Down 14.3% – Here’s Why

Granada Gold Mine Inc. (CVE:GGMGet Free Report)’s stock price was down 14.3% during mid-day trading on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 294,291 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 373,964 shares. The stock had previously closed at C$0.11.

Granada Gold Mine Trading Down 9.5%

The company has a market capitalization of C$15.69 million, a PE ratio of -9.50 and a beta of 3.62. The stock’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.04.

Granada Gold Mine Company Profile

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.

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