Canadian Gold (CVE:CGC) Sets New 52-Week High – Here’s Why

Canadian Gold Corp. (CVE:CGC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.38 and last traded at C$0.38, with a volume of 12656866 shares traded. The stock had previously closed at C$0.34.

Canadian Gold Price Performance

The company has a fifty day moving average of C$0.30 and a 200-day moving average of C$0.26. The firm has a market cap of C$80.68 million, a P/E ratio of -39.00 and a beta of -0.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49.

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.