Canadian Gold (CVE:CGC) Reaches New 1-Year High - Should You Buy?

Key Points

• Canadian Gold Corp. (CVE:CGC) reached a new 52-week high, trading at C$0.52, up 6.3% from its previous close of C$0.48.
• The company has a market capitalization of C$106.37 million, with a debt-to-equity ratio of 0.07 and a current ratio of 6.37.
• Canadian Gold is primarily focused on the exploration and development of the Tartan Lake gold mine project in Manitoba, covering approximately 2,670 hectares.

Canadian Gold Corp. (CVE:CGC - )'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$0.52 and last traded at C$0.51, with a volume of 335503 shares changing hands. The stock had previously closed at C$0.48.

Canadian Gold Stock Up 6.3%

The firm has a market capitalization of C$106.37 million, a price-to-earnings ratio of -25.50 and a beta of -0.93. The business has a 50 day moving average of C$0.35 and a 200 day moving average of C$0.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49.

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.

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