Canagold Resources Ltd. (TSE:CCM - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.56 and traded as high as C$0.56. Canagold Resources shares last traded at C$0.55, with a volume of 54,811 shares changing hands.
Wall Street Analyst Weigh In
Separately, Atrium Research raised Canagold Resources to a "strong-buy" rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".
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Canagold Resources Price Performance
The company has a current ratio of 0.81, a quick ratio of 0.61 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of C$0.56 and a 200 day moving average price of C$0.52. The company has a market capitalization of C$117.35 million, a P/E ratio of -55.00 and a beta of 0.84.
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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