Cora Gold (LON:CORA) Shares Up 5.6% – Still a Buy?

Cora Gold Limited (LON:CORA) shot up 5.6% during mid-day trading on Monday . The stock traded as high as GBX 8.50 and last traded at GBX 8.50. 156,262 shares were traded during trading, a decline of 67% from the average session volume of 467,952 shares. The stock had previously closed at GBX 8.05.

Cora Gold Price Performance

The firm has a market cap of £65.05 million, a price-to-earnings ratio of -28.33 and a beta of 0.92. The stock’s fifty day moving average price is GBX 8.90 and its 200-day moving average price is GBX 9.11.

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.