Granada Gold Mine (CVE:GGM) Shares Down 20% – What’s Next?

Granada Gold Mine Inc. (CVE:GGMGet Free Report) fell 20% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 769,358 shares traded hands during mid-day trading, an increase of 284% from the average session volume of 200,492 shares. The stock had previously closed at C$0.05.

Granada Gold Mine Stock Performance

The business has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The stock has a market capitalization of C$7.43 million, a price-to-earnings ratio of -3.46 and a beta of 3.02.

Granada Gold Mine Company Profile

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec.

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