Canadian Gold (CVE:CGC) Reaches New 52-Week High – What’s Next?

Canadian Gold Corp. (CVE:CGC) shares hit a new 52-week high during trading on Friday . The company traded as high as C$0.21 and last traded at C$0.20, with a volume of 144903 shares. The stock had previously closed at C$0.19.

Canadian Gold Stock Up 5.3 %

The business’s 50 day moving average price is C$0.17 and its 200-day moving average price is C$0.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The company has a market cap of C$37.07 million, a P/E ratio of -6.67 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.