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Canagold Resources (TSE:CCM) Stock Price Passes Above Fifty Day Moving Average - Time to Sell?

Canagold Resources logo with Basic Materials background

Canagold Resources Ltd. (TSE:CCM - Get Free Report) shares 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$0.33. Canagold Resources shares last traded at C$0.33, with a volume of 39,850 shares changing hands.

Canagold Resources Trading Up 4.8 %

The business has a 50 day moving average price of C$0.29 and a 200-day moving average price of C$0.30. The firm has a market capitalization of C$56.71 million, a PE ratio of -16.25 and a beta of 0.84. The company has a current ratio of 3.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.58.

About Canagold Resources

(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.

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