Canagold Resources (TSE:CCM) Shares Pass Above Fifty Day Moving Average – Here’s Why

Canagold Resources Ltd. (TSE:CCM)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.31 and traded as high as C$0.38. Canagold Resources shares last traded at C$0.38, with a volume of 4,774 shares changing hands.

Canagold Resources Trading Up 7.1 %

The company’s 50-day moving average is C$0.31 and its 200-day moving average is C$0.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 2.34. The firm has a market cap of C$46.02 million, a price-to-earnings ratio of -11.37 and a beta of 0.84.

About Canagold Resources

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.