Austral Gold (ASX:AGD) Trading Up 12%

Austral Gold Limited (ASX:AGD) was up 12% during mid-day trading on Thursday . The stock traded as high as A$0.09 ($0.07) and last traded at A$0.09 ($0.07), approximately 180,752 shares traded hands during trading. An increase of 1,023% from the average daily volume of 16,102 shares. The stock had previously closed at A$0.08 ($0.06).

The stock’s 50 day moving average is A$0.07. The stock has a market cap of $49.68 million and a PE ratio of -1.90. The company has a current ratio of 0.83, a quick ratio of 0.28 and a debt-to-equity ratio of 33.66.

About Austral Gold (ASX:AGD)

Austral Gold Limited, together with its subsidiaries, engages in the exploration and development of precious metals in South America. The company explores for gold and silver deposits. Its flagship project is the 100% owned Guanaco/Amancaya gold and silver mine located to the south east of Antofagasta in Northern Chile.

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