Canadian Gold (CVE:CGC) Shares Down 3.7% – Here’s What Happened

Shares of Canadian Gold Corp. (CVE:CGC) dropped 3.7% during trading on Friday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 113,338 shares traded hands during trading, an increase of 42% from the average daily volume of 79,879 shares. The stock had previously closed at C$0.27.

Canadian Gold Stock Performance

The stock has a market capitalization of C$48.19 million, a price-to-earnings ratio of -8.67 and a beta of 1.66. The company’s fifty day simple moving average is C$0.28 and its 200 day simple moving average is C$0.23. The company has a quick ratio of 0.49, a current ratio of 6.37 and a debt-to-equity ratio of 0.07.

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.