Canadian Gold (CVE:CGC) Stock Price Up 5.1% - Here's Why

Key Points

• Canadian Gold Corp. shares rose by 5.1%, with the stock trading as high as C$0.32 during the day and averaging a significant volume of 802,391 shares, a 669% increase from its usual volume.
• The company has a market capitalization of C$57.46 million and a P/E ratio of -10.33, indicating it is currently unprofitable.
• Canadian Gold is focused on the exploration and development of mineral properties, primarily through its Tartan Lake gold mine project in Manitoba, Canada.

Canadian Gold Corp. (CVE:CGC - Get Free Report)'s share price was up 5.1% during mid-day trading on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.31. Approximately 802,391 shares changed hands during trading, an increase of 669% from the average daily volume of 104,323 shares. The stock had previously closed at C$0.30.

Canadian Gold Stock Down 4.8%

The company has a market capitalization of C$55.60 million, a P/E ratio of -10.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.49 and a current ratio of 6.37. The firm's fifty day moving average is C$0.28 and its 200-day moving average is C$0.25.

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.