Canagold Resources (TSE:CCM) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Canagold Resources Ltd. (TSE:CCM)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.29 and traded as high as C$0.31. Canagold Resources shares last traded at C$0.31, with a volume of 8,492 shares changing hands.

Canagold Resources Price Performance

The firm has a fifty day moving average of C$0.29 and a 200-day moving average of C$0.29. The company has a quick ratio of 0.61, a current ratio of 3.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of C$54.10 million, a P/E ratio of -15.50 and a beta of 0.84.

About Canagold Resources

Canagold Resources Ltd. engages in the evaluation, acquisition, exploration, and development of precious metal properties in the United States and Canada. It explores for gold, silver, and copper deposits. The company holds 100% interest in the New Polaris project that consist of 61 crown granted mineral claims and 1 modified grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley; and the Windfall Hills project consists of the Atna properties, comprising 2 mineral claims covering 959 hectares and the Dunn properties, comprising 8 mineral claims covering 2820 hectares, located near south of Burns Lake.