Canagold Resources (TSE:CCM) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Canagold Resources Ltd. (TSE:CCMGet Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.35 and traded as high as C$0.38. Canagold Resources shares last traded at C$0.38, with a volume of 3,391 shares traded.

Canagold Resources Stock Performance

The company has a quick ratio of 0.61, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. The business has a 50 day simple moving average of C$0.35 and a two-hundred day simple moving average of C$0.32. The firm has a market cap of C$46.63 million, a PE ratio of -11.52 and a beta of 0.84.

Canagold Resources Company Profile

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Canagold owns a portfolio of Gold and Silver projects located in North America. The company’s flagship asset is New Polaris – an advanced and past-producing, high-grade gold project in northern British Columbia, Canada. The company has a fully funded work program underway at New Polaris, and is currently advancing the project to feasibility status.

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