Prosper Gold (CVE:PGX) Stock Price Up 28.6% – Should You Buy?

Prosper Gold Corp. (CVE:PGX)’s stock price shot up 28.6% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 517,000 shares traded 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 Stock Performance

The company has a market cap of C$2.79 million, a price-to-earnings ratio of -1.13 and a beta of 0.38. The company has a current ratio of 5.80, a quick ratio of 2.91 and a debt-to-equity ratio of 2.34. The stock’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.05.

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.