Klondike Gold (CVE:KG) Shares Down 6.4% – Here’s Why

Shares of Klondike Gold Corp. (CVE:KG) fell 6.4% on Wednesday . The stock traded as low as C$0.21 and last traded at C$0.22. 134,905 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 363,945 shares. The stock had previously closed at C$0.24.

Klondike Gold Stock Down 12.8%

The company has a current ratio of 3.84, a quick ratio of 2.09 and a debt-to-equity ratio of 0.38. The firm has a market cap of C$52.04 million, a PE ratio of -8.00 and a beta of 0.60. The business’s 50-day simple moving average is C$0.18 and its 200 day simple moving average is C$0.13.

Klondike Gold Company Profile

Klondike Gold Corp., a resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. Its flagship project is the 100% owned Klondike District gold project located in Dawson City, Yukon Territory. The company was formerly known as Arbor Resources Inc and changed its name to Klondike Gold Corp. in January 1996. Klondike Gold Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.