Durango Resources (CVE:DGO) Shares Down 15.2% – What’s Next?

Durango Resources Inc. (CVE:DGO)’s stock price was down 15.2% during trading on Friday . The company traded as low as C$0.12 and last traded at C$0.14. Approximately 982,783 shares changed hands during trading, an increase of 106% from the average daily volume of 476,187 shares. The stock had previously closed at C$0.17.

Durango Resources Stock Performance

The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.03. The company has a market cap of C$13.19 million, a P/E ratio of -1.00 and a beta of 1.49.

Durango Resources Company Profile

Durango Resources Inc engages in the acquisition and exploration of precious and base mineral resource properties in Canada. It holds 100% interest in a group of properties totaling approximately 9,500 hectares located in the Windfall Lake gold camp in the Abitibi region of Québec, Canada. The company was formerly known as Atocha Resources Inc and changed its name to Durango Resources Inc in February 2013.