Amarillo Gold (CVE:AGC) Stock Price Up 2.4% – What’s Next?

Amarillo Gold Co. (CVE:AGC)’s stock price shot up 2.4% during mid-day trading on Wednesday . The stock traded as high as C$0.44 and last traded at C$0.44. 567,399 shares were traded during mid-day trading, an increase of 70% from the average session volume of 333,230 shares. The stock had previously closed at C$0.43.

Amarillo Gold Price Performance

The stock has a market cap of C$167.94 million and a P/E ratio of -33.46. The company has a debt-to-equity ratio of 3.40, a quick ratio of 11.06 and a current ratio of 11.17. The firm has a 50-day moving average price of C$0.43 and a 200-day moving average price of C$0.44.

Amarillo Gold Company Profile

Amarillo Gold Corporation, a gold exploration company, engages in the acquisition and exploration of mineral properties, primarily in Brazil. The company's flagship property is the Mara Rosa project that comprises an area of 6,940 hectares of exploration tenements; and mining concessions, which cover an area totaling 2,553 hectares located near the village of Mara Rosa in the State of Goias.