Canadian Gold (CVE:CGC) Shares Up 8.3% – Time to Buy?

Canadian Gold Corp. (CVE:CGC) shot up 8.3% during mid-day trading on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. 221,012 shares were traded during mid-day trading, an increase of 556% from the average session volume of 33,714 shares. The stock had previously closed at C$0.18.

Canadian Gold Trading Up 11.1 %

The firm has a fifty day moving average of C$0.16 and a 200-day moving average of C$0.17. The stock has a market capitalization of C$37.07 million, a price-to-earnings ratio of -6.67 and a beta of 1.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.49 and a current ratio of 6.37.

Canadian Gold Company Profile

Canadian Gold Corp. engages in the exploration and development of mineral properties in Canada. Its principal project is the Tartan Lake gold mine project that consists of 20 mineral claims covering an area of approximately 2,670 hectares located northeast of the town of Flin Flon, Manitoba, Canada. The company was formerly known as Satori Resources Inc and changed its name to Canadian Gold Corp.