Canagold Resources (TSE:CCM) Share Price Passes Above Fifty Day Moving Average of $0.21

Canagold Resources Ltd. (TSE:CCM – Get Rating)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.21 and traded as high as C$0.22. Canagold Resources shares last traded at C$0.22, with a volume of 1,000 shares traded.

Canagold Resources Price Performance

The business’s 50-day moving average price is C$0.21 and its 200 day moving average price is C$0.22. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 8.62. The company has a market capitalization of C$30.12 million, a P/E ratio of -7.33 and a beta of 0.85.

Canagold Resources Company Profile

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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.