Canadian Gold (CVE:CGC) Stock Price Down 3.1% - Here's Why

Key Points

• Canadian Gold Corp. (CVE:CGC) shares fell by 3.1%, reaching a trading low of C$0.32 during mid-day trading on Wednesday.
• The company's market capitalization is approximately C$58.38 million, with a P/E ratio of -10.50 and a beta of 1.66.
• Canadian Gold is primarily focused on the Tartan Lake gold mine project, which covers around 2,670 hectares in Manitoba, Canada.

Shares of Canadian Gold Corp. (CVE:CGC - ) were down 3.1% during mid-day trading on Wednesday . The company traded as low as C$0.32 and last traded at C$0.32. Approximately 109,780 shares traded hands during trading, a decline of 41% from the average daily volume of 185,954 shares. The stock had previously closed at C$0.33.

Canadian Gold Price Performance

The firm has a market capitalization of C$58.38 million, a P/E ratio of -10.50 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. The firm has a 50 day moving average price of C$0.29 and a 200-day moving average price of C$0.26.

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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