Canagold Resources (TSE:CCM) Sets New 1-Year High – Should You Buy?

Canagold Resources Ltd. (TSE:CCMGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.39 and last traded at C$0.37, with a volume of 17000 shares changing hands. The stock had previously closed at C$0.38.

Canagold Resources Stock Down 2.6 %

The firm has a market cap of C$45.41 million, a PE ratio of -11.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 2.34. The company’s 50-day simple moving average is C$0.34 and its two-hundred day simple moving average is C$0.31.

About Canagold Resources

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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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