Canadian Gold (CVE:CGC) Shares Up 5.6% – Here’s Why

Canadian Gold Corp. (CVE:CGC)’s share price rose 5.6% on Monday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 173,362 shares changed hands during trading, an increase of 146% from the average daily volume of 70,409 shares. The stock had previously closed at C$0.27.

Canadian Gold Stock Up 5.6 %

The firm has a market capitalization of C$52.82 million, a price-to-earnings ratio of -9.50 and a beta of 1.66. The firm has a fifty day moving average price of C$0.20 and a 200 day moving average price of C$0.18. The company has a current ratio of 6.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In other Canadian Gold news, Director Wesley Clay Hanson sold 185,560 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of C$0.24, for a total value of C$43,606.60. 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.