Tembo Gold (CVE:TEM) Stock Price Down 11.1% – Should You Sell?

Tembo Gold Corp. (CVE:TEM)’s share price traded down 11.1% on Friday . The company traded as low as C$0.16 and last traded at C$0.16. 54,000 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 63,688 shares. The stock had previously closed at C$0.18.

Tembo Gold Price Performance

The company has a debt-to-equity ratio of 9.69, a current ratio of 0.36 and a quick ratio of 5.80. The business’s fifty day moving average price is C$0.16 and its 200-day moving average price is C$0.16. The stock has a market capitalization of C$16.86 million, a price-to-earnings ratio of -5.33 and a beta of 0.62.

About Tembo Gold

Tembo Gold Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Tanzania. The company primarily explores for gold deposits. Its flagship project is the Tembo gold property covering an area of 32 square kilometers located in the Lake Victoria goldfield district in northwest Tanzania.