Golden Valley Mines (CVE:GZZ) Trading Down 2% – Time to Sell?

Shares of Golden Valley Mines Ltd. (CVE:GZZ) dropped 2% during mid-day trading on Thursday . The company traded as low as C$12.26 and last traded at C$12.49. Approximately 11,550 shares traded hands during trading, a decline of 28% from the average daily volume of 16,029 shares. The stock had previously closed at C$12.74.

Golden Valley Mines Stock Performance

The company has a market capitalization of C$171.65 million and a price-to-earnings ratio of 35.60. The firm has a fifty day simple moving average of C$12.49 and a 200 day simple moving average of C$12.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.01 and a quick ratio of 8.71.

Golden Valley Mines Company Profile

Golden Valley Mines Ltd., together with its subsidiaries, engages in identifying, acquiring, and developing exploration and evaluation minerals in Canada. The company primarily explores for gold, copper, zinc, cobalt, silver, molybdenum, nickel, and platinum-group elements. Its assets include 17 exploration properties located in the Abitibi Greenstone Belt; the James Bay, Mistassini, and Otish regions of northern Quebec; the Nunavik region of northern Quebec; and the Athabasca Basin of Saskatchewan.