Desert Gold Ventures (CVE:DAU) Trading 16.7% Higher – Should You Buy?

Desert Gold Ventures Inc. (CVE:DAUGet Free Report) shares shot up 16.7% on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 277,000 shares changed hands during mid-day trading, an increase of 101% from the average session volume of 137,709 shares. The stock had previously closed at C$0.06.

Desert Gold Ventures Price Performance

The company’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07. The firm has a market capitalization of C$14.62 million, a PE ratio of -3.25 and a beta of 1.75. The company has a debt-to-equity ratio of 124.81, a current ratio of 1.53 and a quick ratio of 0.54.

Desert Gold Ventures Company Profile

(Get Free Report)

Desert Gold Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Mali. The company primarily explores for gold ores. Its flagship project is the Senegal Mali Shear Zone project located in Western Mali. Desert Gold Ventures Inc was incorporated in 2003 and is headquartered in Surrey, Canada.

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