Shares of Capital Gold Co. (CGC) saw unusually high trading volume on Thursday. Approximately 721,000 shares changed hands during mid-day trading, an increase of 5.88% from the previous session. The stock last traded at $6.31.
Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Capital Gold Co. in a research note to investors on Thursday, March 24th.
Capital Gold Corporation (Capital Gold) is engaged in the mining, exploration and development of gold properties in Mexico. The Companyâs focus is on the operation and development of the El Chanate project, as well as the development of its Orion Project in the State of Nayarit Mexico. The Companyâs Orion Project lies in the Sierra Madre Occidental, a prolific mining district in Western Mexico. It also conducts gold exploration in other locations in Sonora, Mexico. Through wholly owned subsidiaries, Capital Gold Corporation owns 100% of 21 mining concessions located in the State of Sonora, Republic of Mexico totaling approximately 9,665 hectares (23,873 acres or 37.3 square miles). On August 2, 2010, the Company completed the acquisition of Nayarit Gold, Inc. (Nayarit). Through this acquisition it controls approximately 257,000 acres (104,000 hectares) of mining concessions known as the Orion Project.
Shares of Capital Gold Co. traded up 2.59% during mid-day trading on Thursday, hitting $6.33. Capital Gold Co. has a 52 week low of $2.30 and a 52 week high of $6.24. The stocks 50-day moving average is $5.56 and its 200-day moving average is $4.85. The company has a market cap of $388.8 million and a price-to-earnings ratio of 23.91.
