Goldstrike Resources (CVE:GSR) Shares Down 5.1% – Here’s What Happened

Goldstrike Resources Ltd. (CVE:GSR)’s share price fell 5.1% during mid-day trading on Thursday . The company traded as low as C$0.55 and last traded at C$0.56. 111,000 shares traded hands during trading, a decline of 27% from the average session volume of 151,026 shares. The stock had previously closed at C$0.59.

Goldstrike Resources Stock Performance

The company has a market cap of C$37.60 million, a price-to-earnings ratio of -2.33 and a beta of 8.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 15.31 and a quick ratio of 15.03. The firm has a fifty day simple moving average of C$0.57 and a 200 day simple moving average of C$0.50.

Goldstrike Resources Company Profile

Goldstrike Resources Ltd. acquires, explores for, and develops mineral properties in Canada. The company explores for gold deposits. Its principal property is the Plateau North and Plateau South areas, which includes approximately 3,167 contiguous quartz claims covering an area of 662 square kilometers in Yukon Territory, Canada. The company was formerly known as AccelRate Power Systems Inc and changed its name to Goldstrike Resources Ltd. in June 2011. Goldstrike Resources Ltd. is headquartered in Vancouver, Canada.