Canadian Gold (CVE:CGC) Trading Down 5.6% – Should You Sell?

Canadian Gold Corp. (CVE:CGC)’s stock price was down 5.6% during trading on Thursday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 54,011 shares changed hands during mid-day trading, an increase of 78% from the average daily volume of 30,350 shares. The stock had previously closed at C$0.18.

Canadian Gold Stock 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 market capitalization of C$33.36 million, a PE ratio of -6.00 and a beta of 1.66. The firm’s fifty day simple moving average is C$0.16 and its 200 day simple moving average is C$0.17.

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.