Stellar AfricaGold (CVE:SPX) Shares Up 28.6% – Here’s Why

Shares of Stellar AfricaGold Inc. (CVE:SPX) rose 28.6% on Thursday . The stock traded as high as C$0.15 and last traded at C$0.09. Approximately 1,172,903 shares traded hands during mid-day trading, an increase of 517% from the average daily volume of 190,146 shares. The stock had previously closed at C$0.07.

Stellar AfricaGold Stock Performance

The company has a 50-day moving average price of C$0.08 and a two-hundred day moving average price of C$0.08. The company has a current ratio of 0.38, a quick ratio of 2.95 and a debt-to-equity ratio of 201.45. The stock has a market capitalization of C$2.17 million, a P/E ratio of -1.80, a price-to-earnings-growth 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.