EnGold Mines (CVE:EGM) Shares Down 12.5% – Time to Sell?

EnGold Mines Ltd. (CVE:EGMGet Free Report) traded down 12.5% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.04. 218,500 shares traded hands during mid-day trading, an increase of 1,483% from the average session volume of 13,807 shares. The stock had previously closed at C$0.04.

EnGold Mines Price Performance

The company has a current ratio of 0.01, a quick ratio of 0.11 and a debt-to-equity ratio of 29.40. The company has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.06. The firm has a market capitalization of C$1.66 million, a P/E ratio of -2.00 and a beta of -0.63.

About EnGold Mines

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EnGold Mines Ltd. explores for and evaluates mineral properties in Canada. The company explores for gold, copper, and silver deposits. It holds 100% interest in the Lac La Hache property covering an area of 25,750 hectares located in the Cariboo region of central British Columbia, Canada. The company was formerly known as GWR Resources Inc and changed its name to EnGold Mines Ltd.

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