Gossan Resources Limited (CVE:GSS – Get Free Report) shares dropped 12.5% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.04. Approximately 235,000 shares were traded during mid-day trading, an increase of 144% from the average daily volume of 96,282 shares. The stock had previously closed at C$0.04.
Gossan Resources Trading Down 12.5%
The firm has a market capitalization of C$2.36 million, a P/E ratio of -3.50 and a beta of -1.27. The business has a 50 day moving average of C$0.03 and a 200-day moving average of C$0.03.
About Gossan Resources
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.
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