Cora Gold (LON:CORA) Stock Price Up 10.3% – Here’s What Happened

Cora Gold Limited (LON:CORA) rose 10.3% during mid-day trading on Wednesday . The company traded as high as GBX 8 and last traded at GBX 8. Approximately 1,142,479 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 791,900 shares. The stock had previously closed at GBX 7.25.

Cora Gold Stock Performance

The company has a debt-to-equity ratio of 64.34, a current ratio of 1.05 and a quick ratio of 5.23. The firm has a market capitalization of £42.69 million, a PE ratio of -29.31 and a beta of 0.46. The firm has a fifty day moving average price of GBX 8.09 and a 200 day moving average price of GBX 7.91.

About Cora Gold

Cora Gold Ltd (AIM: CORA) is a gold developer focused on delivering long-term value to shareholders through advancing proven gold deposits in West Africa towards production. Led by a team with a track record in making multi-million-ounce gold discoveries that have been developed into operating mines, the Company has two de-risked project areas within known gold belts in Mali and Senegal.

The Company’s most advanced project is the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, where a mine with low capital and operating costs based around high recovery, low strip ratio, free-digging oxide ore is approaching construction readiness.