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

Canagold Resources logo with Basic Materials background

Canagold Resources Ltd. (TSE:CCM - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.29 and traded as high as C$0.31. Canagold Resources shares last traded at C$0.31, with a volume of 8,492 shares trading hands.

Canagold Resources Price Performance

The stock has a market cap of C$54.10 million, a PE ratio of -15.50 and a beta of 0.84. The company has a quick ratio of 0.61, a current ratio of 3.71 and a debt-to-equity ratio of 0.58. The company's fifty day moving average is C$0.29 and its 200 day moving average is C$0.29.

Canagold Resources Company Profile

(Get Free Report)

Canagold Resources Ltd. engages in the evaluation, acquisition, exploration, and development of precious metal properties in the United States and Canada. It explores for gold, silver, and copper deposits. The company holds 100% interest in the New Polaris project that consist of 61 crown granted mineral claims and 1 modified grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley; and the Windfall Hills project consists of the Atna properties, comprising 2 mineral claims covering 959 hectares and the Dunn properties, comprising 8 mineral claims covering 2820 hectares, located near south of Burns Lake.

Further Reading

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