Shares of Gobimin Inc. (CVE:GMN) dropped 3.6% during mid-day trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 2,500 shares traded hands during trading, a decline of 71% from the average daily volume of 8,710 shares. The stock had previously closed at C$0.28.
The stock has a 50-day simple moving average of C$0.31. The company has a market capitalization of $13.95 million and a price-to-earnings ratio of -8.44.
Gobimin (CVE:GMN) last announced its earnings results on Thursday, May 23rd. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$0.30 million for the quarter.
GobiMin Inc, together with its subsidiaries, invests in equity, debt, or other securities in China. The company operates through two segments, Mining Business and Investment Business. It is also involved in the development and exploration of gold and mineral properties; and property holding and leasing activities, as well as provision of business and consultancy services.
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