Great Basin Stock Hits New 52-Week Low (GBG)

NEW YORK ( TheStreet) -- Great Basin Gold (AMEX: GBG) hit a new 52-week low Thursday as it is currently trading at $1.30, below its previous 52-week low of $1.31 with 629,880 shares traded as of 9:51 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Great Basin has a market cap of $673.5 million and is part of the basic materials sector and metals & mining industry. Shares are down 52% year to date as of the close of trading on Wednesday.

Great Basin Gold Ltd. engages in the acquisition, exploration, and development of precious metal deposits. It explores for gold, silver, and aggregate.
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TheStreet Ratings rates Great Basin as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full Great Basin Ratings Report.

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