Monarch Mining (TSE:GBAR) Hits New 12-Month Low at $0.44

Monarch Mining Co. (TSE:GBAR – Get Rating)’s stock price reached a new 52-week low on Friday . The company traded as low as C$0.44 and last traded at C$0.46, with a volume of 60510 shares changing hands. The stock had previously closed at C$0.48.

The company has a quick ratio of 0.65, a current ratio of 1.72 and a debt-to-equity ratio of 24.11. The business has a 50 day simple moving average of C$0.54 and a 200 day simple moving average of C$0.63. The company has a market capitalization of C$50.00 million and a PE ratio of -7.42.

About Monarch Mining (TSE:GBAR)

Monarch Mining Corporation, a gold mining company, engages in the exploration and development of mining properties in Canada. The company's projects include the Beaufor Mine, including 23 mining claims covering an area of 5.9 square kilometers located to the northeast of the town of Val-d'Or in the Province of Quebec; the Croinor property, which comprise one mining lease for a total of 337 claims with an area of approximately 151.88 square kilometers situated to the east of Val-d'Or; and the Beacon Mill property consist of 11 mining claims covering an area of 1.8 square kilometers.

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