Durango Resources (CVE:DGO) Shares Up 26.7% – Should You Buy?

Durango Resources Inc. (CVE:DGOGet Free Report)’s share price rose 26.7% during mid-day trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 4,969,717 shares were traded during mid-day trading, an increase of 1,350% from the average daily volume of 342,629 shares. The stock had previously closed at C$0.08.

Durango Resources Stock Performance

The stock has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.03. The firm has a market capitalization of C$8.95 million, a P/E ratio of -1.00 and a beta of 1.49.

About Durango Resources

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Durango Resources Inc engages in the acquisition and exploration of precious and base mineral resource properties in Canada. It holds 100% interest in a group of properties totaling approximately 9,500 hectares located in the Windfall Lake gold camp in the Abitibi region of Québec, Canada. The company was formerly known as Atocha Resources Inc and changed its name to Durango Resources Inc in February 2013.

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