Goliath Resources (CVE:GOT) Stock Falls 11.1% – Here’s Why

Shares of Goliath Resources Limited (CVE:GOT) traded down 11.1% on Tuesday. The company traded as low as C$1.24 and last traded at C$1.28. 238,047 shares were traded during trading, a decline of 35% from the average session volume of 366,122 shares. The stock had previously closed at C$1.44.

Goliath Resources Stock Down 11.1%

The firm has a market cap of C$228.54 million, a P/E ratio of -7.11 and a beta of 2.47. The business’s 50 day moving average is C$1.45 and its 200-day moving average is C$1.65.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines. The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.