Durango Resources (CVE:DGO) Shares Up 65% – Should You Buy?

Durango Resources Inc. (CVE:DGO)’s stock price rose 65% on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 3,419,741 shares traded hands during mid-day trading, an increase of 681% from the average daily volume of 437,637 shares. The stock had previously closed at C$0.10.

Durango Resources Price Performance

The firm has a market capitalization of C$13.19 million, a price-to-earnings ratio of -1.00 and a beta of 1.49. The business’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.03.

Durango Resources Company Profile

Durango Resources Inc engages in the acquisition and exploration of precious and base mineral resource properties in Canada. It holds 100% interest in a group of properties totaling approximately 9,500 hectares located in the Windfall Lake gold camp in the Abitibi region of Québec, Canada. The company was formerly known as Atocha Resources Inc and changed its name to Durango Resources Inc in February 2013.