Canadian Gold (CVE:CGC) Stock Price Up 5.6% - Time to Buy?

Canadian Gold Corp. (CVE:CGC - Get Free Report)'s stock price traded up 5.6% during mid-day trading on Monday . The stock traded as high as C$0.29 and last traded at C$0.29. 173,362 shares traded hands during mid-day trading, an increase of 145% from the average session volume of 70,776 shares. The stock had previously closed at C$0.27.

Canadian Gold Stock Up 1.7 %

The business has a 50 day simple moving average of C$0.21 and a 200-day simple moving average of C$0.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.49 and a current ratio of 6.37. The firm has a market capitalization of C$55.60 million, a price-to-earnings ratio of -10.00 and a beta of 1.66.

Insiders Place Their Bets

In other Canadian Gold news, Director Wesley Clay Hanson sold 185,560 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$0.24, for a total transaction of C$43,606.60. 43.32% of the stock is owned by insiders.

Canadian Gold Company Profile

Canadian Gold Corp. engages in the exploration and development of mineral properties in Canada. Its principal project is the Tartan Lake gold mine project that consists of 20 mineral claims covering an area of approximately 2,670 hectares located northeast of the town of Flin Flon, Manitoba, Canada. The company was formerly known as Satori Resources Inc and changed its name to Canadian Gold Corp.