Snowline Gold (CVE:SGD) Stock Price Down 2.6% – Here’s Why

Shares of Snowline Gold Corp. (CVE:SGD) fell 2.6% during trading on Wednesday . The stock traded as low as C$5.45 and last traded at C$5.54. 64,210 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 132,393 shares. The stock had previously closed at C$5.69.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price on shares of Snowline Gold from C$16.50 to C$17.25 in a report on Tuesday, July 23rd.

Snowline Gold Trading Down 2.6 %

The stock’s fifty day moving average price is C$5.52 and its two-hundred day moving average price is C$5.45. The firm has a market capitalization of C$878.09 million, a price-to-earnings ratio of -30.78 and a beta of 0.81.

Snowline Gold (CVE:SGD) last posted its earnings results on Tuesday, August 27th. The company reported C($0.05) EPS for the quarter.

Snowline Gold Company Profile

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.