Amarillo Gold (CVE:AGC) Trading 2.4% Higher – Here’s Why

Amarillo Gold Co. (CVE:AGCGet Free Report) shares rose 2.4% on Tuesday . The stock traded as high as C$0.44 and last traded at C$0.44. Approximately 567,399 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 333,230 shares. The stock had previously closed at C$0.43.

Amarillo Gold Stock Performance

The stock’s 50 day simple moving average is C$0.43 and its two-hundred day simple moving average is C$0.44. The company has a market capitalization of C$167.94 million and a P/E ratio of -33.46. The company has a debt-to-equity ratio of 3.40, a current ratio of 11.17 and a quick ratio of 11.06.

About Amarillo Gold

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Amarillo Gold Corporation, a gold exploration company, engages in the acquisition and exploration of mineral properties, primarily in Brazil. The company's flagship property is the Mara Rosa project that comprises an area of 6,940 hectares of exploration tenements; and mining concessions, which cover an area totaling 2,553 hectares located near the village of Mara Rosa in the State of Goias.

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