Granada Gold Mine (CVE:GGM) Trading Down 12.5% – Here’s What Happened

Granada Gold Mine Inc. (CVE:GGM)’s stock price traded down 12.5% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 175,000 shares were traded during trading, a decline of 55% from the average daily volume of 388,073 shares. The stock had previously closed at C$0.04.

Granada Gold Mine Trading Down 12.5%

The company has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.05. The company has a market capitalization of C$7.95 million, a price-to-earnings ratio of -2.92 and a beta of 2.39.

Granada Gold Mine Company Profile

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.