Gossan Resources (CVE:GSS) Shares Down 12.5% – Should You Sell?

Gossan Resources Limited (CVE:GSS) fell 12.5% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04. 218,000 shares changed hands during mid-day trading, an increase of 127% from the average session volume of 96,090 shares. The stock had previously closed at C$0.04.

Gossan Resources Trading Down 12.5%

The company’s 50 day moving average is C$0.03 and its 200 day moving average is C$0.03. The company has a market cap of C$2.36 million, a PE ratio of -3.50 and a beta of -1.27.

Gossan Resources Company Profile

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.