Canadian Gold (CVE:CGC) Stock Price Up 5.6% – Still a Buy?

Canadian Gold Corp. (CVE:CGC) shot up 5.6% on Monday . The stock traded as high as C$0.29 and last traded at C$0.29. 173,362 shares traded hands during mid-day trading, an increase of 146% from the average session volume of 70,409 shares. The stock had previously closed at C$0.27.

Canadian Gold Trading Up 5.6 %

The business’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The stock has a market capitalization of C$52.82 million, a P/E ratio of -9.50 and a beta of 1.66.

Insider Transactions at Canadian Gold

In related news, Director Wesley Clay Hanson sold 185,560 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of C$0.24, for a total value of C$43,606.60. 43.32% of the stock is owned by corporate insiders.

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.