Canadian Gold (CVE:CGC) Hits New 1-Year High - Here's What Happened

Key Points

• Canadian Gold Corp. (CVE:CGC) shares reached a new 52-week high, trading at C$0.64 before settling at C$0.63, representing a 24.0% increase from the previous close of C$0.50.
• The company has a market capitalization of C$129.31 million, with a current ratio of 6.37 and a debt-to-equity ratio of 0.07, indicating a relatively strong financial position.
• Canadian Gold Corp. focuses on the exploration and development of mineral properties in Canada, most notably the Tartan Lake gold mine project located in Manitoba.

Canadian Gold Corp. (CVE:CGC - )'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.64 and last traded at C$0.63, with a volume of 2120219 shares changing hands. The stock had previously closed at C$0.50.

Canadian Gold Stock Up 24.0%

The business's fifty day moving average price is C$0.38 and its 200 day moving average price is C$0.31. The firm has a market capitalization of C$129.31 million, a price-to-earnings ratio of -31.00 and a beta of -0.93. The company has a current ratio of 6.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07.

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.

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