Canadian Gold (CVE:CGC) Stock Price Down 2.6% – Should You Sell?

Shares of Canadian Gold Corp. (CVE:CGC) dropped 2.6% on Thursday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 34,820 shares were traded during trading, a decline of 50% from the average daily volume of 69,769 shares. The stock had previously closed at C$0.19.

Canadian Gold Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The company has a 50-day simple moving average of C$0.18 and a 200-day simple moving average of C$0.17. The stock has a market cap of C$34.29 million, a PE ratio of -6.17 and a beta of 1.66.

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.