Granada Gold Mine (CVE:GGM) Hits New 52-Week Low – Here’s Why

Granada Gold Mine Inc. (CVE:GGM – Get Free Report) reached a new 52-week low on Thursday. The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 24,000 shares. The stock had previously closed at C$0.04.

Granada Gold Mine Price Performance

The firm has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The company has a market capitalization of C$7.95 million, a P/E ratio of -2.92 and a beta of 2.54.

Granada Gold Mine Company Profile

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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.

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