Cora Gold (LON:CORA) Shares Down 10.6% – Here’s Why

Shares of Cora Gold Limited (LON:CORA) traded down 10.6% on Tuesday . The stock traded as low as GBX 7.10 and last traded at GBX 7.15. 480,581 shares were traded during trading, a decline of 37% from the average session volume of 765,323 shares. The stock had previously closed at GBX 8.

Cora Gold Trading Down 10.6%

The company has a quick ratio of 5.23, a current ratio of 1.05 and a debt-to-equity ratio of 64.34. The business’s fifty day moving average is GBX 8.07 and its 200-day moving average is GBX 7.90. The stock has a market capitalization of £35.91 million, a PE ratio of -24.66 and a beta of 0.46.

Cora Gold Company Profile

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.