Cora Gold (LON:CORA) Shares Down 10.6% – Time to Sell?

Cora Gold Limited (LON:CORA) traded down 10.6% during mid-day trading on Tuesday . The company traded as low as GBX 7.10 and last traded at GBX 7.15. 480,581 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 765,323 shares. The stock had previously closed at GBX 8.

Cora Gold Stock Up 6.7%

The business has a 50 day simple moving average of GBX 8.13 and a 200 day simple moving average of GBX 7.91. The company has a market capitalization of £42.87 million, a price-to-earnings ratio of -29.43 and a beta of 0.46. The company has a debt-to-equity ratio of 64.34, a current ratio of 1.05 and a quick ratio of 5.23.

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.