Granada Gold Mine (CVE:GGM) Shares Down 18.8% – Here’s Why

Shares of Granada Gold Mine Inc. (CVE:GGM) traded down 18.8% during trading on Monday . The company traded as low as C$0.06 and last traded at C$0.07. 4,105,665 shares changed hands during trading, an increase of 512% from the average session volume of 670,715 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Stock Down 18.8%

The firm has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.04. The stock has a market capitalization of C$10.73 million, a price-to-earnings ratio of -6.50 and a beta of 3.62.

Granada Gold Mine Company Profile

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.