Klondike Gold (CVE:KG) Trading 18.4% Higher – Here’s Why

Klondike Gold Corp. (CVE:KG)’s stock price rose 18.4% during trading on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 195,724 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 372,463 shares. The stock had previously closed at C$0.19.

Klondike Gold Stock Up 18.4%

The firm has a market cap of C$57.12 million, a price-to-earnings ratio of -8.00 and a beta of 0.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.09 and a current ratio of 3.84. The business’s 50-day moving average is C$0.18 and its 200-day moving average is C$0.13.

About Klondike Gold

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.