Canagold Resources (TSE:CCM) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Canagold Resources Ltd. (TSE:CCMGet Free Report)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.32 and traded as high as C$0.35. Canagold Resources shares last traded at C$0.35, with a volume of 5,849 shares changing hands.

Canagold Resources Stock Up 2.9 %

The business has a fifty day moving average price of C$0.32 and a two-hundred day moving average price of C$0.31. 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 has a market cap of C$42.95 million, a price-to-earnings ratio of -10.61 and a beta of 0.84.

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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