Shares of Gossan Resources Limited (CVE:GSS – Get Free Report) dropped 16.7% during trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 327,300 shares were traded during trading, an increase of 581% from the average daily volume of 48,096 shares. The stock had previously closed at C$0.03.
Gossan Resources Trading Down 16.7 %
The business’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04. The firm has a market capitalization of C$1.67 million, a PE ratio of -2.75 and a beta of 1.45.
Gossan Resources Company Profile
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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