Roscan Gold (CVE:ROS) Trading Down 11.4% – Here’s What Happened

Roscan Gold Co. (CVE:ROSGet Free Report)’s share price dropped 11.4% on Thursday . The company traded as low as C$0.15 and last traded at C$0.16. Approximately 272,231 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 403,486 shares. The stock had previously closed at C$0.18.

Roscan Gold Trading Down 14.3%

The company’s 50 day simple moving average is C$0.22 and its 200-day simple moving average is C$0.18. The firm has a market cap of C$65.78 million, a P/E ratio of -25.00 and a beta of 2.93. The company has a quick ratio of 0.31, a current ratio of 0.22 and a debt-to-equity ratio of -71.99.

Roscan Gold Company Profile

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Roscan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in West Africa. The company explores for gold deposits. It holds 100% interests in the Kandiole project comprising nine contiguous gold prospective permits covering an area of approximately 402 square kilometers located in Mali, West Africa. The company was formerly known as Roscan Minerals Corporation and changed its name to Roscan Gold Corporation in September 2018.

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