Pure Gold Mining (CVE:PGM) Shares Down 4.8%

Pure Gold Mining Inc. (CVE:PGMGet Rating) fell 4.8% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. 212,794 shares traded hands during trading, a decline of 84% from the average session volume of 1,334,628 shares. The stock had previously closed at C$0.11.

Analyst Ratings Changes

A number of research firms recently issued reports on PGM. Stifel Nicolaus decreased their target price on shares of Pure Gold Mining from C$0.70 to C$0.40 in a research report on Tuesday, May 10th. Pi Financial downgraded shares of Pure Gold Mining from a “buy” rating to a “neutral” rating in a research report on Monday, April 11th.

Pure Gold Mining Stock Down 2.0 %

The company has a debt-to-equity ratio of 249.02, a current ratio of 0.09 and a quick ratio of 0.05. The business’s fifty day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.37. The company has a market cap of C$71.43 million and a PE ratio of -1.08.

Pure Gold Mining (CVE:PGMGet Rating) last released its quarterly earnings data on Monday, May 16th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$18.37 million for the quarter. On average, analysts predict that Pure Gold Mining Inc. will post 0.07 earnings per share for the current year.

Pure Gold Mining Company Profile

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Pure Gold Mining Inc engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. Its principal property is the PureGold Mine project comprises 251 mining leases, mining patents, and unpatented mining claims covering an area of approximately 4,648 hectares located near Red Lake, Ontario.

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