Highway 50 Gold (CVE:HWY) Trading 12.5% Higher – Should You Buy?

Highway 50 Gold Corp. (CVE:HWY)’s share price was up 12.5% during mid-day trading on Tuesday . The stock traded as high as C$0.45 and last traded at C$0.45. Approximately 5,500 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 22,465 shares. The stock had previously closed at C$0.40.

Highway 50 Gold Trading Up 12.5%

The business’s 50 day moving average price is C$0.46 and its 200-day moving average price is C$0.48. The company has a market cap of C$17.29 million, a price-to-earnings ratio of -22.50 and a beta of -0.11. The company has a debt-to-equity ratio of 61.21, a quick ratio of 0.15 and a current ratio of 0.18.

About Highway 50 Gold

Highway 50 Gold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of assets in North America. The company explores for gold deposits. Its projects portfolio includes the Gold Knob project comprises 589 unpatented claims located in Winnemucca, Nevada; the Golden Brew project that consists of 101 unpatented claims located in Lander County, Nevada; the Johnson Canyon project, which comprises 186 claims located in Lander County, Nevada; and the Monroe project covering an area of 1,282 hectares located in the Fort Steele Mining Division, southeast British Columbia.