Canadian Gold (CVE:CGC) Sets New 1-Year High – Here’s Why

Canadian Gold Corp. (CVE:CGC)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$0.29 and last traded at C$0.28, with a volume of 147362 shares trading hands. The stock had previously closed at C$0.27.

Canadian Gold Stock Performance

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

Insider Activity at Canadian Gold

In related news, Director Wesley Clay Hanson sold 185,560 shares of the 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. 43.32% of the stock is currently owned by insiders.

Canadian Gold Company Profile

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.