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Canagold Resources (TSE:CCM) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Canagold Resources logo with Basic Materials background

Key Points

  • Canagold Resources shares have dropped below their fifty day moving average of C$0.47, last trading at this exact price with a volume of 11,500 shares.
  • The company's market capitalization stands at C$91.10 million, with a negative price-to-earnings ratio of -47.00 and a debt-to-equity ratio of 0.54.
  • Insider trading activity includes Senior Officer Catalin Kilofliski selling 93,966 shares for a total of C$42,284.70 at an average price of C$0.45.
  • Five stocks to consider instead of Canagold Resources.

Canagold Resources Ltd. (TSE:CCM - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.47 and traded as low as C$0.47. Canagold Resources shares last traded at C$0.47, with a volume of 11,500 shares trading hands.

Canagold Resources Price Performance

The company has a market capitalization of C$91.10 million, a price-to-earnings ratio of -47.00 and a beta of 0.19. 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 business has a fifty day moving average price of C$0.47 and a 200 day moving average price of C$0.40.

Insider Buying and Selling

In related news, Senior Officer Catalin Kilofliski sold 93,966 shares of Canagold Resources stock in a transaction dated Monday, July 28th. The stock was sold at an average price of C$0.45, for a total value of C$42,284.70. Company insiders own 9.17% of the company's stock.

About Canagold Resources

(Get Free Report)

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.

See Also

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