Highway 50 Gold (CVE:HWY) Sets New 12-Month High – Still a Buy?

Highway 50 Gold Corp. (CVE:HWY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.83 and last traded at C$0.82, with a volume of 412972 shares changing hands. The stock had previously closed at C$0.62.

Highway 50 Gold Price Performance

The company has a market cap of C$37.85 million, a price-to-earnings ratio of -28.33 and a beta of 0.37. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 61.21. The company’s 50 day moving average price is C$0.43 and its 200 day moving average price is C$0.43.

Highway 50 Gold Company Profile

Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.