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

NEW YORK ( TheStreet) -- Great Basin Gold (AMEX: GBG) hit a new 52-week low Monday as it is currently trading at $1, below its previous 52-week low of $1.01 with two million shares traded as of 10:46 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Great Basin has a market cap of $513.7 million and is part of the basic materials sector and metals & mining industry. Shares are down 65.9% year to date as of the close of trading on Friday.

Great Basin Gold Ltd. engages in the acquisition, exploration, and development of precious metal deposits. It explores for gold, silver, and aggregate.

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.

See all 52-week low stocks or get investment ideas from our investment research center.

null

More from Markets

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Dow Leads Major Indices With Triple-Digit Rally

Dow Leads Major Indices With Triple-Digit Rally