Mexican Gold (CVE:MEX) Trading 15.4% Higher

Mexican Gold Corp (CVE:MEX) traded up 15.4% during mid-day trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08, 403,500 shares were traded during mid-day trading. An increase of 417% from the average session volume of 78,067 shares. The stock had previously closed at C$0.07.

Separately, Fundamental Research set a C$0.34 price target on Mexican Gold and gave the stock a “sector perform” rating in a research note on Tuesday, October 1st.

The company has a 50 day moving average of C$0.08 and a 200 day moving average of C$0.11. The firm has a market cap of $10.33 million and a P/E ratio of -1.17.

About Mexican Gold (CVE:MEX)

Mexican Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties in North America. It primarily explores for diamond, gold, silver, and copper deposits. The company holds interest in the Las Minas project that includes five mineral concessions located in the state of Veracruz, Mexico.

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