Durango Resources Sees 25% Surge in Share Price – Should Investors Consider Buying?

Durango Resources Inc. (CVE:DGO) experienced a notable increase in its share price, rising by 25% on Wednesday. The stock reached a peak trading value of C$0.05 and concluded the day at the same price. During this trading session, roughly 279,000 shares changed hands, marking a 57% increase compared to the average daily volume of 177,243 shares. Prior to this surge, the stock closed at C$0.04.

Durango Resources Price Performance

The company holds a market capitalization of C$4.71 million and has a price-to-earnings ratio of -1.00, indicating that it currently does not have earnings reported. With a beta of 1.49, this suggests that the stock is more volatile compared to the overall market. The average share price over the last fifty days stands at C$0.03, while the average over the past two hundred days is also C$0.03.

About Durango Resources

Durango Resources Inc. is engaged in the acquisition and exploration of both precious and base mineral resource properties within Canada. The company owns a 100% interest in a collection of properties that spans approximately 9,500 hectares, situated in the Windfall Lake gold camp located in the Abitibi region of Québec, Canada. Previously known as Atocha Resources Inc., the firm rebranded to Durango Resources Inc. in February 2013.

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Durango, Stocks, Investment