Stellar AfricaGold (CVE:SPX) Stock Price Down 9.5% – Here’s Why

Stellar AfricaGold Inc. (CVE:SPX)’s share price was down 9.5% during mid-day trading on Friday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 195,020 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 178,402 shares. The stock had previously closed at C$0.11.

Stellar AfricaGold Price Performance

The company has a quick ratio of 2.95, a current ratio of 0.38 and a debt-to-equity ratio of 201.45. The company’s 50 day moving average is C$0.08 and its 200 day moving average is C$0.08. The firm has a market capitalization of C$2.41 million, a price-to-earnings ratio of -2.00, a P/E/G ratio of 2.57 and a beta of 0.74.

About Stellar AfricaGold

Stellar AfricaGold Inc, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Canada, Republic of Mali, and the Kingdom of Morocco. The company primarily explores for gold deposits. Stellar AfricaGold Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.