Highway 50 Gold (CVE:HWY) Hits New 1-Year Low – Here’s What Happened

Highway 50 Gold Corp. (CVE:HWY) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$0.35 and last traded at C$0.35, with a volume of 26000 shares changing hands. The stock had previously closed at C$0.37.

Highway 50 Gold Trading Down 5.4%

The stock has a market capitalization of C$15.59 million, a P/E ratio of -11.67 and a beta of -0.04. The stock has a 50-day moving average price of C$0.41 and a two-hundred day moving average price of C$0.43. The company has a debt-to-equity ratio of 61.21, a quick ratio of 0.15 and a current ratio of 0.18.

Highway 50 Gold Company Profile

Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.