It was not a particularly good in the market for many stocks and the Gold Standard Ventures Corp (NYSEAMERICAN:GSV) stock was one of those. This past Friday the stock was in the middle of a bit of a selloff and ended the day with a decline of as much as 4%.
Trading Data
On Friday, GSV stock moved down 4% to $0.51 with more than 312K, compared to its average volume of 664K shares. The stock has moved within a range of $0.5012 – 0.5200 after opening trade at $0.52.
Latest News
There was no news about the company on Friday but it should be noted that earlier on in the week on Wednesday, Gold Standard had announced its financial results for the third quarter. The company suffered a quarterly loss of as much as $1 million and that may have been the reason behind the selloff in the stock this past Friday.
However, at the same time, it should be noted that the company also announced that the quarterly loss worked out to a per share loss of lower than 1 cent a share. In this regard, it is perhaps also necessary to point out that earlier on in the month on November 10, the company had made an announcement with regards to the progress it was making regarding feasibility study, permits and the financing related to project construction. That had also brought the stock into focus among investors.
Technical Data
GSV stock is trading above the 50-Day and 200-Day Moving averages of $0.51 and $0.48 respectively. However, the stock is below the 200-Day moving average of $0.56. The stock is up 12% in the past month.
