Klondike Gold (CVE:KG) Trading Down 6.8% – What’s Next?

Klondike Gold Corp. (CVE:KG) dropped 6.8% on Thursday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 223,611 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 375,116 shares. The stock had previously closed at C$0.22.

Klondike Gold Trading Down 4.9%

The firm has a market cap of C$49.50 million, a price-to-earnings ratio of -8.00 and a beta of 0.60. The company has a quick ratio of 2.09, a current ratio of 3.84 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of C$0.19 and a 200-day moving average price of C$0.14.

About Klondike Gold

Klondike Gold Corp., a resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. Its flagship project is the 100% owned Klondike District gold project located in Dawson City, Yukon Territory. The company was formerly known as Arbor Resources Inc and changed its name to Klondike Gold Corp. in January 1996. Klondike Gold Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.