Goliath Resources (CVE:GOT) Trading Down 5.5% – Time to Sell?

Goliath Resources Limited (CVE:GOT) dropped 5.5% during trading on Thursday . The stock traded as low as C$1.55 and last traded at C$1.55. Approximately 169,502 shares changed hands during trading, a decline of 57% from the average daily volume of 396,922 shares. The stock had previously closed at C$1.64.

Goliath Resources Price Performance

The firm has a market cap of C$274.80 million, a P/E ratio of -9.12 and a beta of 2.19. The stock’s 50-day simple moving average is C$1.42 and its two-hundred day simple moving average is C$1.71.

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.