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

Golden Valley Mines Ltd. (CVE:GZZ)’s share price fell 2% during trading on Wednesday. The stock traded as low as C$12.26 and last traded at C$12.49. Approximately 11,550 shares traded 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 Stock Down 2.0%

The stock has a fifty day moving average price of C$12.49 and a 200 day moving average price of C$12.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.01 and a quick ratio of 8.71. The stock has a market capitalization of C$171.65 million and a P/E ratio of 35.60.

Golden Valley Mines Company Profile

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.