Tembo Gold (CVE:TEM) Shares Down 11.1%

Tembo Gold Corp. (CVE:TEM) shares fell 11.1% during mid-day trading on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.16. 54,000 shares traded hands during trading, a decline of 15% from the average session volume of 63,688 shares. The stock had previously closed at C$0.18.

Tembo Gold Stock Down 11.1 %

The company has a quick ratio of 5.80, a current ratio of 0.36 and a debt-to-equity ratio of 9.69. The firm’s 50-day moving average price is C$0.16 and its 200 day moving average price is C$0.16. The firm has a market cap of C$16.86 million, a P/E ratio of -5.33 and a beta of 0.62.

About Tembo Gold

Tembo Gold Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Tanzania. The company primarily explores for gold deposits. Its flagship project is the Tembo gold property covering an area of 32 square kilometers located in the Lake Victoria goldfield district in northwest Tanzania.