Canagold Resources (TSE:CCM) Shares Down 7.1%

Shares of Canagold Resources Ltd. (TSE:CCMGet Free Report) traded down 7.1% during trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.20. 139,375 shares were traded during mid-day trading, an increase of 150% from the average session volume of 55,738 shares. The stock had previously closed at C$0.21.

Canagold Resources Price Performance

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 3.24. The stock’s 50-day moving average is C$0.22 and its two-hundred day moving average is C$0.23. The stock has a market cap of C$30.79 million, a PE ratio of -6.50 and a beta of 0.85.

Canagold Resources Company Profile

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Canagold Resources Ltd. engages in the evaluation, 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 crown granted mineral claims and 1 modified grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley.

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