Canagold Resources (TSE:CCM) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Canagold Resources Ltd. (TSE:CCM – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.56 and traded as low as C$0.56. Canagold Resources shares last traded at C$0.56, with a volume of 6,140 shares trading hands.

Canagold Resources Trading Down 1.8%

The company has a current ratio of 3.95, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market cap of C$119.81 million, a PE ratio of -56.00 and a beta of 0.74. The business’s 50-day simple moving average is C$0.53 and its 200-day simple moving average is C$0.56.

Canagold Resources Company Profile

(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. CanaGold is managed by an experienced team with a strong track record of exploration, development and finance.

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