Cygnus Gold (ASX:CY5) Trading Down 11.1%
Cygnus Gold Ltd (ASX:CY5)’s share price traded down 11.1% during trading on Tuesday . The company traded as low as A$0.07 ($0.05) and last traded at A$0.07 ($0.05), 64,322 shares were traded during mid-day trading. The stock had previously closed at A$0.08 ($0.06).
The company has a market cap of $4.37 million and a price-to-earnings ratio of -6.55. The business’s 50 day moving average price is A$0.07.
In other news, insider James Merrillees 750,000 shares of the stock in a transaction that occurred on Monday, June 17th.
Cygnus Gold Limited engages in the discovery and exploration of gold deposits in Western Australia. Its principal property is the Stanley project comprising Bottleneck, Bottlerack, Stanley Hill, Brays, and McDougall prospects covering an area of approximately 161 square kilometers located midway between the Wheatbelt townships of Lake Grace and Katanning, Western Australia.
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