Desert Gold Ventures (CVE:DAU) Trading Down 15.4% – What’s Next?

Desert Gold Ventures Inc. (CVE:DAUGet Free Report) shares dropped 15.4% on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 205,000 shares changed hands during trading, an increase of 136% from the average daily volume of 86,833 shares. The stock had previously closed at C$0.07.

Desert Gold Ventures Price Performance

The company has a debt-to-equity ratio of 124.81, a quick ratio of 0.54 and a current ratio of 1.53. The firm’s fifty day moving average is C$0.07 and its two-hundred day moving average is C$0.07. The company has a market cap of C$12.37 million, a P/E ratio of -2.75 and a beta of 1.75.

About Desert Gold Ventures

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Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.

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