Prosper Gold (CVE:PGX) Sets New 12-Month Low – What’s Next?

Prosper Gold Corp. (CVE:PGX) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 4000 shares changing hands. The stock had previously closed at C$0.05.

Prosper Gold Trading Down 11.1%

The firm has a market cap of C$2.48 million, a price-to-earnings ratio of -1.00 and a beta of 0.17. The company’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.06. The company has a quick ratio of 2.91, a current ratio of 5.80 and a debt-to-equity ratio of 2.34.

Insider Buying and Selling

In other news, Director Peter Bernier bought 1,000,000 shares of Prosper Gold stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of C$0.05 per share, with a total value of C$48,000.00. Following the completion of the acquisition, the director directly owned 6,892,863 shares of the company’s stock, valued at C$330,857.42. The trade was a 16.97% increase in their ownership of the stock. Company insiders own 7.78% of the company’s stock.

About Prosper Gold

Prosper Gold Corp. acquires, explores, and develops mineral properties in Canada. It explores for copper and gold resources. The company's flagship project is Golden Sidewalk project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario.