Freegold Ventures (TSE:FVL) Shares Down 3.8% – Here’s What Happened

Freegold Ventures Limited (TSE:FVL)’s share price was down 3.8% during trading on Wednesday . The stock traded as low as C$0.77 and last traded at C$0.77. Approximately 142,617 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 278,116 shares. The stock had previously closed at C$0.80.

Freegold Ventures Stock Performance

The firm has a fifty day simple moving average of C$0.97 and a 200 day simple moving average of C$0.73. The company has a current ratio of 6.25, a quick ratio of 3.72 and a debt-to-equity ratio of 0.09. The stock has a market cap of C$344.13 million, a price-to-earnings ratio of -63.00 and a beta of 2.52.

Freegold Ventures Company Profile

Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious and base metal properties in the United States and Canada. The company explores for gold, copper, silver, cobalt, and tungsten deposits. It holds interests in the Golden Summit property that consists of 53 patented and 107 unpatented federal claims comprises 240 State of Alaska claims that cover a total area of 5,971.6 hectares; and Shorty Creek property comprises 328 State of Alaska mining claims covering an area of 31,478 acres located in Alaska, the United States.