Amarillo Gold (CVE:AGC) Shares Up 2.4% – Should You Buy?

Amarillo Gold Co. (CVE:AGC)’s share price was up 2.4% on Tuesday . The stock traded as high as C$0.44 and last traded at C$0.44. Approximately 567,399 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 333,230 shares. The stock had previously closed at C$0.43.

Amarillo Gold Stock Up 2.4%

The company has a quick ratio of 11.06, a current ratio of 11.17 and a debt-to-equity ratio of 3.40. The business has a 50-day simple moving average of C$0.43 and a 200-day simple moving average of C$0.44. The company has a market cap of C$167.94 million and a PE ratio of -33.46.

About Amarillo Gold

Amarillo Gold Corporation, a gold exploration company, engages in the acquisition and exploration of mineral properties, primarily in Brazil. The company's flagship property is the Mara Rosa project that comprises an area of 6,940 hectares of exploration tenements; and mining concessions, which cover an area totaling 2,553 hectares located near the village of Mara Rosa in the State of Goias. Amarillo Gold Corporation is based in Toronto, Canada. As of April 1, 2022, Amarillo Gold Corporation operates as a subsidiary of Hochschild Mining plc.