Avidian Gold (CVE:AVG) Trading Down 23.5% – Time to Sell?

Avidian Gold Corp. (CVE:AVG) shares dropped 23.5% during mid-day trading on Tuesday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 140,214 shares changed hands during trading, an increase of 653% from the average daily volume of 18,623 shares. The stock had previously closed at C$0.17.

Avidian Gold Stock Performance

The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.43 and a current ratio of 5.11. The stock’s fifty day moving average is C$0.14 and its two-hundred day moving average is C$0.12. The firm has a market cap of C$1.61 million, a price-to-earnings ratio of 4.33 and a beta of 0.22.

About Avidian Gold

Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America. It also explores for silver and copper properties. The company holds 100% interests in the Golden Zone property covering an area of 12,525 hectares located in Alaska; the Amanita property claims totaling 1,460 hectares situated to the northeast of Fairbanks, Alaska; and the Jungo Property covering an area of 2,000 hectares located in Humboldt mineral trend, Nevada. It also holds 100% interests in the Labrador west iron ore project located in Labrador; and holds 100% interests in the Lac Pegma copper-nickel-cobalt sulphide deposit located in Quebec.