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

Stellar AfricaGold Inc. (CVE:SPX)’s share price dropped 28.6% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 105,400 shares traded hands during 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 Stock Up 20.0 %

The company has a debt-to-equity ratio of 201.45, a current ratio of 0.38 and a quick ratio of 2.95. The firm has a 50 day simple moving average of C$0.09 and a 200-day simple moving average of C$0.08. The stock has a market capitalization of C$1.45 million, a price-to-earnings 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.