Canadian Gold (CVE:CGC) Sets New 52-Week High - Here's Why

Key Points

• Canadian Gold Corp. (CVE:CGC) reached a new 52-week high of C$0.46, with a trading volume of 588,863 shares.
• The company's market capitalization stands at C$92.81 million with a modest debt-to-equity ratio of 0.07.
• Canadian Gold primarily focuses on the exploration and development of mineral properties in Canada, notably the Tartan Lake gold mine project.

Canadian Gold Corp. (CVE:CGC - ) reached a new 52-week high on Monday . The company traded as high as C$0.46 and last traded at C$0.46, with a volume of 588863 shares changing hands. The stock had previously closed at C$0.41.

Canadian Gold Stock Performance

The company has a 50-day moving average of C$0.34 and a 200-day moving average of C$0.29. The company has a current ratio of 6.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of C$92.81 million, a P/E ratio of -22.25 and a beta 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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