Pure Gold Mining (PGM) Sets New 12-Month Low at $0.49

Shares of Pure Gold Mining Inc (CVE:PGM) reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.49 and last traded at C$0.50, with a volume of 434539 shares trading hands. The stock had previously closed at C$0.52.

Separately, Raymond James set a C$0.90 price objective on shares of Pure Gold Mining and gave the company an “outperform” rating in a research report on Thursday, February 28th.

The firm has a market cap of $142.60 million and a price-to-earnings ratio of -5.31. The company has a debt-to-equity ratio of 3.49, a current ratio of 3.80 and a quick ratio of 3.63.

In related news, Director Mark Gerard O’dea acquired 71,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of C$0.54 per share, for a total transaction of C$38,495.60. Following the acquisition, the director now directly owns 2,861,300 shares of the company’s stock, valued at C$1,540,523.92. Insiders bought a total of 220,000 shares of company stock valued at $119,036 in the last 90 days.

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About Pure Gold Mining (CVE:PGM)

Pure Gold Mining Inc, an exploration stage company, engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. It primarily holds a 100% interest in the Madsen Gold project comprising 257 mining claims that covers an area of approximately 4,600 hectares located in the prolific Red Lake gold camp of Northwestern Ontario.

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