Magnum Goldcorp (MGI) Hits New 12-Month Low at $0.04

Magnum Goldcorp Inc (CVE:MGI) hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 8000 shares traded. The stock had previously closed at C$0.04.

The company has a debt-to-equity ratio of 3.20, a current ratio of 0.18 and a quick ratio of 0.09.

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Magnum Goldcorp Company Profile (CVE:MGI)

Magnum Goldcorp Inc engages in the acquisition and exploration of mineral resource properties in Canada. It owns 100% interest in the LH gold property, which consists of 19 contiguous crown granted claims and 7 mineral claims located to the south of Silverton, British Columbia. The company was formerly known as Magnum Capital Corp.

Further Reading: What are the Different Types of Leveraged Buyouts?

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