Canadian Gold (CVE:CGC) Shares Up 5.1% - Time to Buy?

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 - )'s share price shot up 5.1% during trading on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.31. 802,391 shares were traded during mid-day trading, an increase of 669% from the average session volume of 104,323 shares. The stock had previously closed at C$0.30.

Canadian Gold Stock Up 5.1%

The company has a 50-day simple moving average of C$0.28 and a 200 day simple moving average of C$0.24. The company has a market cap of C$57.46 million, a P/E ratio of -10.33 and a beta of 1.66. 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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