Gossan Resources Limited (CVE:GSS – Get Free Report) shares rose 16.7% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 465,000 shares traded hands during mid-day trading, an increase of 408% from the average daily volume of 91,489 shares. The stock had previously closed at C$0.03.
Gossan Resources Stock Up 16.7%
The company has a market cap of C$2.36 million, a price-to-earnings ratio of -3.50 and a beta of -1.27. The stock’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is 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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