Canagold Resources (TSE:CCM) Share Price Crosses Below 50-Day Moving Average of $0.27

Canagold Resources Ltd. (TSE:CCMGet Rating) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.27 and traded as low as C$0.26. Canagold Resources shares last traded at C$0.27, with a volume of 15,298 shares changing hands.

Canagold Resources Trading Down 11.7 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.20. The business has a fifty day simple moving average of C$0.27 and a 200 day simple moving average of C$0.31. The stock has a market capitalization of C$22.94 million and a price-to-earnings ratio of -9.14.

Canagold Resources (TSE:CCMGet Rating) last issued its quarterly earnings data on Monday, August 15th. The mining company reported C($0.01) EPS for the quarter.

About Canagold Resources

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Canagold Resources Ltd. engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. The company explores for gold, silver, and copper deposits. Its flagship property is its 100% interest in the New Polaris gold mine project that consist of 61 mineral claims and 1 grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley.

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