Shares of Golden Valley Mines Ltd. (CVE:GZZ – Get Free Report) were down 2% on Friday . The company traded as low as C$12.26 and last traded at C$12.49. Approximately 11,550 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 16,029 shares. The stock had previously closed at C$12.74.
Golden Valley Mines Price Performance
The stock has a fifty day moving average of C$12.49 and a 200 day moving average of C$12.49. The stock has a market cap of C$171.65 million and a price-to-earnings ratio of -520.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 10.73 and a quick ratio of 8.71.
About Golden Valley Mines
Golden Valley Mines Ltd., together with its subsidiaries, engages in identifying, acquiring, and developing exploration and evaluation minerals in Canada. The company primarily explores for gold, copper, zinc, cobalt, silver, molybdenum, nickel, and platinum-group elements. Its assets include 17 exploration properties located in the Abitibi Greenstone Belt; the James Bay, Mistassini, and Otish regions of northern Quebec; the Nunavik region of northern Quebec; and the Athabasca Basin of Saskatchewan.
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