Goliath Resources (CVE:GOT) Stock Price Up 4.3% – Time to Buy?

Goliath Resources Limited (CVE:GOT) shares shot up 4.3% on Tuesday . The stock traded as high as C$1.45 and last traded at C$1.44. Approximately 246,848 shares traded hands during trading, a decline of 40% from the average session volume of 410,945 shares. The stock had previously closed at C$1.38.

Goliath Resources Stock Performance

The company has a 50-day moving average of C$1.46 and a 200-day moving average of C$1.83. The stock has a market cap of C$244.66 million, a price-to-earnings ratio of -8.12 and a beta of 2.22.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines.

The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.