Balmoral Resources (TSE:BAR) Trading Down 1.2% – Should You Sell?

Balmoral Resources Ltd (TSE:BARGet Free Report)’s share price fell 1.2% during trading on Monday . The stock traded as low as C$0.79 and last traded at C$0.80. 606,717 shares traded hands during trading, a decline of 15% from the average session volume of 712,691 shares. The stock had previously closed at C$0.81.

Balmoral Resources Stock Performance

The company has a 50-day moving average price of C$0.80. The company has a market cap of C$142.23 million and a P/E ratio of -66.67. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.28 and a quick ratio of 5.19.

About Balmoral Resources

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Balmoral Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, nickel, copper, cobalt, platinum, and palladium deposits. Its principal project is the Detour Trend gold project located in Quebec.

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