Canagold Resources (TSE:CCM) Sets New 1-Year High - What's Next?

Key Points

• Canagold Resources Ltd. (TSE:CCM) achieved a new 52-week high of C$0.51 during trading, up 7.5% from a previous close of C$0.47, with 200,957 shares traded.
• The company has a market capitalization of C$96.92 million and is advancing its flagship project, New Polaris, toward feasibility status with a fully funded work program.
• Insider activity was noted as Senior Officer Catalin Kilofliski sold 93,966 shares at an average price of C$0.45, representing 9.17% insider ownership of the stock.

Canagold Resources Ltd. (TSE:CCM - ) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.50 and last traded at C$0.51, with a volume of 200957 shares traded. The stock had previously closed at C$0.47.

Canagold Resources Stock Up 7.5%

The company's 50-day moving average is C$0.45 and its 200 day moving average is C$0.39. The company has a market capitalization of C$96.92 million, a PE ratio of -50.00 and a beta of 0.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 2.34.

Insider Activity

In other news, Senior Officer Catalin Kilofliski sold 93,966 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of C$0.45, for a total transaction of C$42,284.70. 9.17% of the stock is currently owned by insiders.

About Canagold Resources

Canagold owns a portfolio of Gold and Silver projects located in North America. The company's flagship asset is New Polaris - an advanced and past-producing, high-grade gold project in northern British Columbia, Canada. The company has a fully funded work program underway at New Polaris, and is currently advancing the project to feasibility status.

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