Cora Gold (LON:CORA) Shares Up 8.1% – Time to Buy?

Shares of Cora Gold Limited (LON:CORA) were up 8.1% during mid-day trading on Thursday. The stock traded as high as GBX 12 and last traded at GBX 12. Approximately 523,676 shares traded hands during trading, an increase of 30% from the average daily volume of 404,227 shares. The stock had previously closed at GBX 11.10.

Cora Gold Stock Performance

The firm has a market capitalization of £91.84 million, a P/E ratio of -40.00 and a beta of 0.87. The firm’s 50-day moving average is GBX 9.53 and its 200 day moving average is GBX 9.24.

About Cora Gold

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.