Gossan Resources (CVE:GSS) Shares Up 33.3% – Here’s What Happened

Gossan Resources Limited (CVE:GSS) shares shot up 33.3% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 540,000 shares were traded during mid-day trading, an increase of 469% from the average session volume of 94,935 shares. The stock had previously closed at C$0.03.

Gossan Resources Trading Up 33.3%

The business has a 50 day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a market cap of C$2.70 million, a PE ratio of -4.00 and a beta of -1.27.

About Gossan Resources

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.