Goldgroup Mining Inc (TSE:GGA)’s share price fell 20% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 147,019 shares changed hands during trading, an increase of 137% from the average session volume of 62,107 shares. The stock had previously closed at C$0.05.
The firm has a market cap of $9.26 million and a price-to-earnings ratio of -2.50. The company has a current ratio of 0.55, a quick ratio of 0.20 and a debt-to-equity ratio of 29.48.
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Goldgroup Mining Inc, together with its subsidiaries, focuses in the acquisition, exploration, and development of gold-bearing mineral properties in Mexico and the Americas. It holds 100% interests in the Cerro Prieto Mine in the state of Sonora; the Cerro Colorado Mine in the state of Sonora; and the San JosÃ© de Gracia project located in Sinaloa State, Mexico, as well as a 35% interest with an option to acquire 80% interests in the El Mozo Project in southern Ecuador.
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