Canadian Gold (CVE:CGC) Trading 11.1% Higher – Time to Buy?

Canadian Gold Corp. (CVE:CGC)’s stock price rose 11.1% on Monday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 388,382 shares were traded during mid-day trading, an increase of 844% from the average daily volume of 41,142 shares. The stock had previously closed at C$0.18.

Canadian Gold Stock Up 11.1 %

The company’s 50 day simple moving average is C$0.16 and its 200-day simple moving average is C$0.17. The company has a current ratio of 6.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of C$37.07 million, a P/E ratio of -6.67 and a beta of 1.66.

About Canadian Gold

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.