Desert Gold Ventures (CVE:DAU) Stock Price Up 4.8% – Still a Buy?

Desert Gold Ventures Inc. (CVE:DAUGet Free Report) shares were up 4.8% during trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. 69,000 shares changed hands during trading, a decline of 90% from the average daily volume of 706,567 shares. The stock had previously closed at C$0.10.

Desert Gold Ventures Trading Up 9.5%

The firm has a market cap of C$41.47 million, a price-to-earnings ratio of -11.50 and a beta of 2.17. The business has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.11. The company has a debt-to-equity ratio of 124.81, a quick ratio of 0.54 and a current ratio of 1.53.

About Desert Gold Ventures

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Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.

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