Gossan Resources (CVE:GSS) Trading Up 33.3% – Still a Buy?

Gossan Resources Limited (CVE:GSS) was up 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 540,000 shares changed hands during mid-day trading, an increase of 469% from the average daily volume of 94,935 shares. The stock had previously closed at C$0.03.

Gossan Resources Stock Up 33.3%

The company has a market cap of C$2.70 million, a PE ratio of -4.00 and a beta of -1.27. The firm has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03.

Gossan Resources Company Profile

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.