Canadian Gold (CVE:CGC) Reaches New 52-Week High – Should You Buy?

Canadian Gold Corp. (CVE:CGC)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$0.29 and last traded at C$0.28, with a volume of 147362 shares changing hands. The stock had previously closed at C$0.27.

Canadian Gold Stock Performance

The company has a market cap of C$52.82 million, a P/E ratio of -9.50 and a beta of 1.66. The company has a quick ratio of 0.49, a current ratio of 6.37 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.18.

Insider Transactions at Canadian Gold

In related news, Director Wesley Clay Hanson sold 185,560 shares of Canadian Gold stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$0.24, for a total transaction of C$43,606.60. Company insiders own 43.32% of the company’s stock.

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.