Canadian Gold (CVE:CGC) Trading 6.2% Higher - Time to Buy?

Key Points

• Canadian Gold Corp. (CVE:CGC) experienced a significant trading increase of 6.2% on Monday, reaching a trading price of C$0.69.
• The company has a market capitalization of C$144.88 million and a debt-to-equity ratio of only 0.07, indicating strong financial health.
• Canadian Gold is primarily focused on the exploration and development of the Tartan Lake gold mine project located in Manitoba, Canada.

Canadian Gold Corp. (CVE:CGC - ) traded up 6.2% during trading on Monday . The company traded as high as C$0.70 and last traded at C$0.69. 835,649 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 309,410 shares. The stock had previously closed at C$0.65.

Canadian Gold Trading Up 6.2%

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 company has a market capitalization of C$144.88 million, a price-to-earnings ratio of -34.50 and a beta of -0.93. The business's 50 day simple moving average is C$0.41 and its 200 day simple moving average is C$0.33.

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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