Canagold Resources (TSE:CCM) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Canagold Resources Ltd. shares have crossed above their 50-day moving average of C$0.44, trading at C$0.47 with a volume of 21,691 shares.
• The company's market capitalization stands at C$91.10 million, with a P/E ratio of -47.00.
• Insider transactions indicate activity, with Senior Officer Catalin Kilofliski having sold 93,966 shares at an average price of C$0.45.

Shares of Canagold Resources Ltd. (TSE:CCM - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.44 and traded as high as C$0.47. Canagold Resources shares last traded at C$0.47, with a volume of 21,691 shares.

Canagold Resources Stock Performance

The firm has a 50-day moving average of C$0.45 and a 200-day moving average of C$0.39. The stock has a market capitalization of C$88.20 million, a price-to-earnings ratio of -45.50 and a beta of 0.19. The company has a current ratio of 2.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Insider Activity at Canagold Resources

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