Blue Star Gold (CVE:BAU) Shares Down 23.7% – What’s Next?

Shares of Blue Star Gold Corp. (CVE:BAU) dropped 23.7% on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 184,704 shares changed hands during mid-day trading, an increase of 116% from the average daily volume of 85,647 shares. The stock had previously closed at C$0.19.

Blue Star Gold Trading Down 23.7%

The company has a quick ratio of 0.44, a current ratio of 1.24 and a debt-to-equity ratio of 6.06. The firm has a market capitalization of C$21.93 million, a P/E ratio of -4.83 and a beta of -0.40. The firm’s 50-day simple moving average is C$0.19 and its 200-day simple moving average is C$0.18.

Blue Star Gold Company Profile

Blue Star Gold Corp. engages in the acquiring, exploring, and evaluating mineral properties in Canada. Its flagship asset is the Ulu Gold Project that comprise the Ulu Mining Lease and the contiguous Hood River Property that covers an area of approximately 12,000 hectares located in the Kitikmeot Region of western Nunavut, Canada. The company was formerly known as WPC Resources Inc and changed its name to Blue Star Gold Corp. in January 2019. Blue Star Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.