Canadian Gold (CVE:CGC) Sets New 52-Week High - Still a Buy?

Key Points

• Canadian Gold Corp. (CVE:CGC) reached a new 52-week high of C$0.41, closing at C$0.40 with a trading volume of 658,724 shares.
• The company's market capitalization stands at C$83.43 million, with a P/E ratio of -20.00 and a low debt-to-equity ratio of 0.07.
• Canadian Gold is focused on exploring and developing mineral properties in Canada, specifically the Tartan Lake gold mine project in Manitoba.

Shares of Canadian Gold Corp. (CVE:CGC - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.41 and last traded at C$0.40, with a volume of 658724 shares trading hands. The stock had previously closed at C$0.39.

Canadian Gold Price 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 company has a market capitalization of C$84.47 million, a P/E ratio of -20.25 and a beta of -0.49. The business has a 50 day simple moving average of C$0.33 and a 200-day simple moving average of C$0.29.

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.