Canagold Resources (TSE:CCM) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Canagold Resources Ltd. (TSE:CCM) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.31 and traded as high as C$0.38. Canagold Resources shares last traded at C$0.38, with a volume of 4,774 shares trading hands.

Canagold Resources Stock Up 7.1 %

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 business has a 50-day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.31. The stock has a market capitalization of C$46.02 million, a P/E ratio of -11.37 and a beta of 0.84.

Canagold Resources Company Profile

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.