Canadian Gold (CVE:CGC) Sets New 1-Year High – What’s Next?

Canadian Gold Corp. (CVE:CGC) reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.21 and last traded at C$0.22, with a volume of 65841 shares changing hands. The stock had previously closed at C$0.21.

Canadian Gold Stock Up 6.8 %

The firm has a market capitalization of C$43.55 million, a P/E ratio of -7.83 and a beta of 1.66. The firm’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49.

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.