Prosper Gold (CVE:PGX) Trading Up 28.6% – Time to Buy?
by Mitch Edgeman · The Markets DailyProsper Gold Corp. (CVE:PGX – Get Free Report) shares were up 28.6% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 517,000 shares were traded during trading, an increase of 414% from the average daily volume of 100,593 shares. The stock had previously closed at C$0.04.
Prosper Gold Price Performance
The company’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.05. The firm has a market cap of C$2.79 million, a price-to-earnings ratio of -1.13 and a beta of 0.38. The company has a current ratio of 5.80, a quick ratio of 2.91 and a debt-to-equity ratio of 2.34.
About Prosper Gold
Prosper Gold Corp. acquires, explores, and develops mineral properties in Canada. It explores for copper and gold resources. The company's flagship project is Golden Sidewalk project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The company was formerly known as Lander Energy Corporation and changed its name to Prosper Gold Corp. in April 2012. Prosper Gold Corp. was incorporated in 2007 and is based in Vancouver, Canada.