Pershing Gold Co. (TSE:PGLC – Get Free Report) shares dropped 11.6% on Monday . The company traded as low as C$1.64 and last traded at C$1.68. Approximately 6,500 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 7,601 shares. The stock had previously closed at C$1.90.
Pershing Gold Trading Down 11.6 %
The firm has a market capitalization of C$56.59 million and a price-to-earnings ratio of -3.19. The company has a current ratio of 0.57, a quick ratio of 0.35 and a debt-to-equity ratio of 6.90. The business’s 50-day moving average price is C$1.68.
About Pershing Gold
As of April 3, 2019, Pershing Gold Corporation was acquired by Americas Silver Corporation. Pershing Gold Corporation explores for, develops, and mines gold and precious metals in Nevada. It focuses on the exploration of the Relief Canyon properties covering an area of approximately 29,000 acres located in Pershing County in northwestern Nevada.
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