Gran Colombia Gold (TSE:GCM) Hits New 12-Month High at $4.63

Shares of Gran Colombia Gold Corp (TSE:GCM) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$4.63 and last traded at C$4.55, with a volume of 215868 shares changing hands. The stock had previously closed at C$4.32.

Separately, Fundamental Research raised their price objective on Gran Colombia Gold from C$5.38 to C$5.40 and gave the stock a “top pick” rating in a research report on Friday, May 24th.

The company has a debt-to-equity ratio of 28.57, a current ratio of 1.19 and a quick ratio of 0.82. The stock has a market capitalization of $208.66 million and a price-to-earnings ratio of -25.92.

Gran Colombia Gold (TSE:GCM) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C$0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.30 by C$0.02. The business had revenue of C$102.98 million during the quarter.

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Gran Colombia Gold Company Profile (TSE:GCM)

Gran Colombia Gold Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. It holds interests in the Segovia operations comprising the El Silencio, Providencia, Sandra K, and the Carla underground mines located in Colombia; and the Marmato gold project situated in Colombia.

Read More: Price to Earnings Ratio (PE) Basics

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