Shares of Canagold Resources Ltd. (TSE:CCM - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.57 and traded as high as C$0.61. Canagold Resources shares last traded at C$0.59, with a volume of 9,988 shares traded.
Analyst Ratings Changes
Separately, Atrium Research raised shares of Canagold Resources to a "strong-buy" rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of "Strong Buy".
Check Out Our Latest Stock Analysis on CCM
Canagold Resources Stock Performance
The company has a market cap of C$125.88 million, a price-to-earnings ratio of -59.00 and a beta of 0.84. The stock's fifty day simple moving average is C$0.57 and its two-hundred day simple moving average is C$0.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.61 and a current ratio of 0.81.
About Canagold Resources
(
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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. CanaGold is managed by an experienced team with a strong track record of exploration, development and finance.
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