Desert Gold Ventures (CVE:DAU) Trading 15.8% Higher – Should You Buy?

Shares of Desert Gold Ventures Inc. (CVE:DAUGet Free Report) shot up 15.8% on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. 606,879 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 1,033,075 shares. The stock had previously closed at C$0.10.

Desert Gold Ventures Price Performance

The company has a market cap of C$27.05 million, a P/E ratio of -7.50 and a beta of 0.81. The firm’s 50-day moving average is C$0.08 and its two-hundred day moving average is C$0.07. The company has a debt-to-equity ratio of 124.81, a current ratio of 1.53 and a quick ratio of 0.54.

Desert Gold Ventures Company Profile

(Get Free Report)

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.

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