Gold Springs Resource (TSE:GRC) Sets New 52-Week Low – Should You Sell?

Gold Springs Resource Corp. (TSE:GRC – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 76,000 shares changing hands. The stock had previously closed at C$0.06.

Gold Springs Resource Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 0.11. The firm’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.08. The firm has a market cap of C$12.74 million, a P/E ratio of -9.00 and a beta of 0.26.

About Gold Springs Resource

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Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) is focused on the exploration and expansion of the gold and silver resources of its large Gold Springs project located on the border of Nevada and Utah, USA. The project is situated in the prolific Great Basin of Western USA, one of the best mining jurisdictions in the world.

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