Golden Valley Mines (CVE:GZZ) Stock Price Down 2% – Here’s Why

Golden Valley Mines Ltd. (CVE:GZZ) dropped 2% on Friday . The stock traded as low as C$12.26 and last traded at C$12.49. Approximately 11,550 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 16,029 shares. The stock had previously closed at C$12.74.

Golden Valley Mines Price Performance

The stock has a market capitalization of C$171.65 million and a price-to-earnings ratio of -520.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 8.71 and a current ratio of 10.73. The company has a fifty day simple moving average of C$12.49 and a two-hundred day simple moving average of C$12.49.

About Golden Valley Mines

Golden Valley Mines Ltd., together with its subsidiaries, engages in identifying, acquiring, and developing exploration and evaluation minerals in Canada. The company primarily explores for gold, copper, zinc, cobalt, silver, molybdenum, nickel, and platinum-group elements. Its assets include 17 exploration properties located in the Abitibi Greenstone Belt; the James Bay, Mistassini, and Otish regions of northern Quebec; the Nunavik region of northern Quebec; and the Athabasca Basin of Saskatchewan.