Algold Resources Ltd. (ALG.V) (CVE:ALG) Trading Down 3.3% – Here’s What Happened

Algold Resources Ltd. (ALG.V) (CVE:ALG) shares fell 3.3% during trading on Monday . The company traded as low as C$0.11 and last traded at C$0.15. 17,800 shares changed hands during trading, a decline of 45% from the average session volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Stock Performance

The stock has a market capitalization of C$4.04 million and a price-to-earnings ratio of -0.44. The company has a debt-to-equity ratio of 19.21, a quick ratio of 0.03 and a current ratio of 0.04. The stock has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.14.

About Algold Resources Ltd. (ALG.V)

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.