Cora Gold (LON:CORA) Trading 6.1% Higher – Time to Buy?

Cora Gold Limited (LON:CORA)’s stock price was up 6.1% during trading on Monday . The stock traded as high as GBX 8.50 and last traded at GBX 8.50. 252,088 shares changed hands during trading, a decline of 51% from the average session volume of 516,373 shares. The stock had previously closed at GBX 8.01.

Cora Gold Trading Up 6.1%

The company has a market capitalization of £65.03 million, a price-to-earnings ratio of -28.33 and a beta of 0.92. The stock’s 50 day moving average price is GBX 9.66 and its 200 day moving average price is GBX 8.92.

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.