Canadian Gold (CVE:CGC) Reaches New 1-Year High – Should You Buy?

Canadian Gold Corp. (CVE:CGC) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.21 and last traded at C$0.22, with a volume of 65841 shares. The stock had previously closed at C$0.21.

Canadian Gold Price Performance

The company has a quick ratio of 0.49, a current ratio of 6.37 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is C$0.17 and its 200 day moving average is C$0.17. The stock has a market cap of C$40.77 million, a PE ratio of -7.33 and a beta of 1.66.

About Canadian Gold

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.