Canagold Resources (TSE:CCM) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Canagold Resources Ltd. (TSE:CCMGet Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.30 and traded as high as C$0.33. Canagold Resources shares last traded at C$0.33, with a volume of 33,500 shares trading hands.

Canagold Resources Stock Up 8.6 %

The company has a market cap of C$46.63 million, a PE ratio of -11.52 and a beta of 0.84. The firm has a 50-day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 0.61.

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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