Stellar AfricaGold (CVE:SPX) Trading Down 28.6% – Here’s What Happened

Stellar AfricaGold Inc. (CVE:SPX)’s share price was down 28.6% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 105,400 shares changed hands during mid-day trading, an increase of 559% from the average daily volume of 15,983 shares. The stock had previously closed at C$0.07.

Stellar AfricaGold Price Performance

The business has a 50-day moving average of C$0.09 and a 200 day moving average of C$0.08. The company has a current ratio of 0.38, a quick ratio of 2.95 and a debt-to-equity ratio of 201.45. The firm has a market capitalization of C$1.45 million, a P/E ratio of -1.20, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74.

Stellar AfricaGold Company Profile

Stellar AfricaGold Inc, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Canada, Republic of Mali, and the Kingdom of Morocco. The company primarily explores for gold deposits. Stellar AfricaGold Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.