Midas Gold Corp (TSE:MAX) was down 5.4% on Friday . The stock traded as low as C$0.68 and last traded at C$0.70. Approximately 175,990 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 172,119 shares. The stock had previously closed at C$0.74.
Separately, Royal Bank of Canada reduced their price target on Midas Gold from C$1.25 to C$1.00 in a report on Thursday, December 13th.
The company has a debt-to-equity ratio of 87.90, a current ratio of 9.01 and a quick ratio of 8.93. The firm has a market capitalization of $173.76 million and a price-to-earnings ratio of -3.26.
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Midas Gold Corp., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold, antimony, and silver deposits in the Stibnite-Yellow Pine district of central Idaho. The company's principal asset is the Stibnite gold project, which includes Hangar Flats, West End, and Yellow Pine deposits comprising approximately 29,223 acres unpatented and patented claims located in Valley County, Idaho.
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