Pacton Gold (CVE:PAC) Trading Down 19.2% – Here’s What Happened

Pacton Gold Inc. (CVE:PACGet Free Report)’s share price was down 19.2% during trading on Thursday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 44,000 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 51,332 shares. The stock had previously closed at C$0.13.

Pacton Gold Trading Down 19.2 %

The stock has a market cap of C$5.72 million, a P/E ratio of -0.88 and a beta of 1.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 8.61 and a current ratio of 3.28. The firm’s fifty day simple moving average is C$0.11 and its 200-day simple moving average is C$0.11.

About Pacton Gold

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Pacton Gold Inc, a junior exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties. The company explores for gold deposits. It focuses on the exploration and development of high-grade gold properties located in the Red Lake gold rush in Ontario, Canada.

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