Canagold Resources (TSE:CCM) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Canagold Resources Ltd. stock has crossed above its 50-day moving average of C$0.40, reaching a trading high of C$0.46 on Tuesday.
• The company's current trading metrics reflect a market capitalization of C$56.45 million and a P/E ratio of -13.95, indicating potential volatility.
• Recent insider activity included the sale of 93,966 shares by Senior Officer Catalin Kilofliski at an average price of C$0.45, highlighting insider movements within the company.

Canagold Resources Ltd. (TSE:CCM - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.40 and traded as high as C$0.46. Canagold Resources shares last traded at C$0.46, with a volume of 39,887 shares traded.

Canagold Resources Stock Up 5.4%

The company has a current ratio of 2.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The company's 50 day moving average price is C$0.41 and its two-hundred day moving average price is C$0.38. The firm has a market cap of C$59.52 million, a PE ratio of -14.70 and a beta of 0.84.

Insider Buying and Selling at Canagold Resources

In related news, Senior Officer Catalin Kilofliski sold 93,966 shares of Canagold Resources stock in a transaction 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. Company insiders own 9.17% of the company's stock.

Canagold Resources Company Profile

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.