Canagold Resources (TSE:CCM) Sets New 1-Year High - Still a Buy?

Key Points

• Canagold Resources Ltd. (TSE:CCM) reached a new 52-week high of C$0.50 during trading, indicating strong performance in the market.
• The company has a market capitalization of C$94.98 million while maintaining a debt-to-equity ratio of 0.54 and a current ratio of 2.34.
• Insider activity includes Senior Officer Catalin Kilofliski selling 93,966 shares at an average price of C$0.45, indicating some movement among corporate insiders.

Canagold Resources Ltd. (TSE:CCM - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$0.50 and last traded at C$0.49, with a volume of 25411 shares. The stock had previously closed at C$0.49.

Canagold Resources Price Performance

The firm's 50-day moving average is C$0.43 and its 200-day moving average is C$0.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 0.61. The company has a market capitalization of C$91.10 million, a P/E ratio of -47.00 and a beta of 0.19.

Insiders Place Their Bets

In other news, Senior Officer Catalin Kilofliski sold 93,966 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of C$0.45, for a total transaction of C$42,284.70. 9.17% of the stock is 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.