Gossan Resources (CVE:GSS) Stock Price Down 12.5% – Time to Sell?

Gossan Resources Limited (CVE:GSS)’s share price traded down 12.5% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04. 218,000 shares changed hands during trading, an increase of 127% from the average session volume of 96,090 shares. The stock had previously closed at C$0.04.

Gossan Resources Stock Down 12.5%

The business has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a market cap of C$2.36 million, a P/E ratio of -3.50 and a beta of -1.27.

About Gossan Resources

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the Sturgeon Lake Greenstone Belt of Northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland.