Canadian Gold (CVE:CGC) Stock Price Down 1.3% - Here's What Happened

Key Points

• Shares of Canadian Gold Corp. (CVE:CGC) decreased by 1.3% during mid-day trading, closing at C$0.40 with a trading volume of approximately 331,518 shares.
• The company has a market capitalization of C$82.38 million and a price-to-earnings ratio of -19.75, indicating negative earnings.
• Canadian Gold Corp. primarily focuses on the exploration and development of mineral properties in Canada, with its principal project being the Tartan Lake gold mine in Manitoba.

Shares of Canadian Gold Corp. (CVE:CGC - ) were down 1.3% during mid-day trading on Tuesday . The company traded as low as C$0.40 and last traded at C$0.40. Approximately 331,518 shares were traded during trading, an increase of 21% from the average daily volume of 274,529 shares. The stock had previously closed at C$0.40.

Canadian Gold Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The firm has a market cap of C$82.38 million, a price-to-earnings ratio of -19.75 and a beta of -0.49. The stock's fifty day moving average price is C$0.33 and its 200-day moving average price is 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.

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