Goldbank Mining (CVE:GLB) Hits New 1-Year Low – What’s Next?

Goldbank Mining Co. (CVE:GLB)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.21, with a volume of 2000 shares changing hands. The stock had previously closed at C$0.25.

Goldbank Mining Price Performance

The stock has a 50-day moving average price of C$0.26 and a 200-day moving average price of C$0.34. The company has a market capitalization of C$57.76 million, a P/E ratio of -10.00 and a beta of 0.54.

Goldbank Mining Company Profile

Goldbank Mining Corporation engages in the exploration and development of mineral properties. The company primarily explores for gold deposits. It holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties located in the Klondike region of the Yukon Territory, Canada; and the Hasenfuss Quartz mineral claims situated in the Klondike region. The company was formerly known as Ballad Gold & Silver Ltd. and changed its name to Goldbank Mining Corporation in January 2009.