Gossan Resources Limited (CVE:GSS – Get Free Report) shares rose 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 540,000 shares traded hands during mid-day trading, an increase of 469% from the average daily volume of 94,935 shares. The stock had previously closed at C$0.03.
Gossan Resources Stock Performance
The company’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The stock has a market cap of C$2.70 million, a P/E 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.
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