Canagold Resources (TSE:CCM) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Canagold Resources Ltd. (TSE:CCMGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Canagold Resources Price Performance

The company has a market cap of C$45.41 million, a price-to-earnings ratio of -11.22 and a beta of 0.84. The company has a current ratio of 2.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average price is C$0.33 and its 200 day moving average price is C$0.31.

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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