Goldmoney (TSE:XAU) Sets New 1-Year High - Here's What Happened

Goldmoney Inc. (TSE:XAU) marked a significant milestone by reaching a new 52-week high on Monday. The stock peaked at C$10.15 during trading and was last seen at C$10.02, with a total trading volume of 7,813 shares. Previously, the stock closed at C$10.17.

Goldmoney Stock Down 1.4 %

The company's market capitalization stands at C$132.30 million, with a PE ratio of -7.32 and a beta of -0.78. Its debt-to-equity ratio is at 26.11, while the current ratio is 1.85 and the quick ratio is an impressive 6.53. Over the last fifty days, the moving average price for Goldmoney has been C$9.26, and over the past two hundred days, the moving average price has been C$8.30.

Goldmoney recently reported its earnings on July 31st. The company posted earnings of C$0.51 per share (EPS) for the quarter, but it showed a negative net margin of 27.72% and a negative return on equity of 11.80%. The revenue for the quarter reached C$27.24 million. Analysts currently predict that Goldmoney Inc. will report an EPS of -0.06 for the ongoing fiscal year.

Insider Activity at Goldmoney

On August 6th, Director Roy Sebag made headlines by purchasing 10,000 shares of Goldmoney's stock. The acquisition occurred at an average price of C$8.09 per share, totaling C$80,920. Insiders currently own approximately 34.39% of the company's shares.

About Goldmoney

Goldmoney Inc. is involved in the business of selling precious metals, along with the retailing and lending of coins across the globe. The company operates through two primary segments: Goldmoney.com and Schiff Gold. Goldmoney.com serves as an online platform that allows clients to buy and sell physical precious metals while also providing options for custody and storage. It also facilitates the direct purchase of physical precious metals such as bars, coins, and wafers with relevant delivery services.

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