Goldbank Mining (CVE:GLB) Stock Price Down 22.2% – Should You Sell?

Shares of Goldbank Mining Co. (CVE:GLBGet Free Report) were down 22.2% on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 1,000 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 11,200 shares. The stock had previously closed at C$0.23.

Goldbank Mining Stock Performance

The company has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.18. The firm has a market capitalization of C$29.89 million, a P/E ratio of -8.75 and a beta of 0.47.

About Goldbank Mining

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Goldbank Mining Corporation engages in the exploration and development of mineral properties. The company primarily explores for gold deposits. It holds a 100% interest in the Leota gold project, a block of hard rock mining claims of gold properties located in the Klondike region of the Yukon Territory, Canada; and the Hasenfuss Quartz mineral claims situated in the Klondike region.

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