Durango Resources Sees 25% Surge in Shares – A Closer Look

On Wednesday, shares of Durango Resources Inc. (CVE:DGO) experienced a significant increase, rising by 25% during trading. The stock reached a peak price of C$0.05 and last traded at the same value. A total of approximately 279,000 shares were exchanged during mid-day trading, which reflects a 57% increase from its average daily volume of 177,243 shares. Prior to this surge, the stock had closed at C$0.04.

Analyzing Durango Resources' Stock Performance

The company has a market capitalization of C$4.71 million and is characterized by a negative P/E ratio of -1.00, indicating it has not achieved profitability in the recent past. The stock also shows a beta of 1.49, suggesting it is more volatile than the wider market. Its 50-day moving average stands at C$0.03, and its 200-day moving average also reflects the same value.

Overview of Durango Resources

Durango Resources Inc. is involved in the acquisition and exploration of both precious and base mineral resource properties across Canada. The company possesses a 100% interest in a collection of properties that cover approximately 9,500 hectares within the Windfall Lake gold camp, situated in the Abitibi region of Québec. Originally named Atocha Resources Inc., the company rebranded to Durango Resources Inc. in February 2013.

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Durango, Stocks, Trading