Cora Gold (LON:CORA) Trading Up 6.1% – Should You Buy?

Cora Gold Limited (LON:CORA) shot up 6.1% on Monday . The stock traded as high as GBX 8.50 and last traded at GBX 8.50. 252,088 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 516,373 shares. The stock had previously closed at GBX 8.01.

Cora Gold Trading Down 3.0%

The stock’s 50-day moving average is GBX 9.58 and its 200-day moving average is GBX 8.93. The stock has a market cap of £61.20 million, a price-to-earnings ratio of -26.67 and a beta of 0.92.

About Cora Gold

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.