Canagold Resources (TSE:CCM) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of Canagold Resources Ltd. (TSE:CCMGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.33 and traded as high as C$0.35. Canagold Resources shares last traded at C$0.35, with a volume of 4,500 shares trading hands.

Canagold Resources Price 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 stock’s 50 day moving average price is C$0.33 and its two-hundred day moving average price is C$0.31. The stock has a market cap of C$42.34 million, a price-to-earnings ratio of -10.46 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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