First Mexican Gold (CVE:FMG) Stock Falls 2.5% – Should You Sell?

First Mexican Gold Corp (CVE:FMG)’s stock price dropped 2.5% during mid-day trading on Wednesday. The company traded as low as C$0.39 and last traded at C$0.40. 58,211 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 37,447 shares. The stock had previously closed at C$0.41.

First Mexican Gold Trading Down 2.5%

The company has a fifty day moving average of C$0.39 and a two-hundred day moving average of C$0.40. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 20.62. The stock has a market capitalization of C$17.52 million and a price-to-earnings ratio of -131.67.

First Mexican Gold Company Profile

First Mexican Gold Corp. through its subsidiary, Cornelius exploration S. de R.L. de C.V., engages in the acquisition, exploration, and development of mineral properties in Mexico. It explores for gold and silver deposits. The company holds interests in the Hilda Properties comprising the Hilda 30 property; the Hilda 37/38 property with two mining exploration concessions; and the Hilda 31/32 property with three mining exploration concessions comprising a total area of 1,350 hectares in the Yecora District, State of Sonora, Mexico.