Free Trial

Canagold Resources (TSE:CCM) Shares Cross Below 50-Day Moving Average - Should You Sell?

Canagold Resources logo with Basic Materials background

Key Points

  • Canagold Resources Ltd. shares have crossed below the 50-day moving average, currently priced at C$0.47, with a recent trading low of C$0.46.
  • The company has a market capitalization of C$91.10 million and a negative PE ratio of -47.00, indicating financial challenges.
  • Insider activity includes the sale of 93,966 shares by Senior Officer Catalin Kilofliski on July 28, at an average price of C$0.45, showing potential lack of confidence by company insiders.
  • Five stocks to consider instead of Canagold Resources.

Canagold Resources Ltd. (TSE:CCM - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.47 and traded as low as C$0.46. Canagold Resources shares last traded at C$0.47, with a volume of 336,739 shares traded.

Canagold Resources Price Performance

The company has a market cap of C$91.10 million, a PE ratio of -47.00 and a beta of 0.14. The company has a quick ratio of 0.61, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of C$0.47 and a 200-day simple moving average of C$0.41.

Insider Activity at Canagold Resources

In related news, Senior Officer Catalin Kilofliski sold 93,966 shares of the business's stock in a transaction that occurred on 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 company insiders.

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Canagold Resources Right Now?

Before you consider Canagold Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canagold Resources wasn't on the list.

While Canagold Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.