Prosper Gold (CVE:PGX) Trading 28.6% Higher – Still a Buy?

Shares of Prosper Gold Corp. (CVE:PGX) shot up 28.6% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 517,000 shares changed hands during mid-day trading, an increase of 414% from the average session volume of 100,593 shares. The stock had previously closed at C$0.04.

Prosper Gold Price Performance

The stock has a market cap of C$2.79 million, a P/E ratio of -1.13 and a beta of 0.38. The business has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.91 and a current ratio of 5.80.

Prosper Gold Company Profile

Prosper Gold Corp. acquires, explores, and develops mineral properties in Canada. It explores for copper and gold resources. The company's flagship project is Golden Sidewalk project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The company was formerly known as Lander Energy Corporation and changed its name to Prosper Gold Corp. in April 2012. Prosper Gold Corp. was incorporated in 2007 and is based in Vancouver, Canada.