Canagold Resources (TSE:CCM) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Canagold Resources Ltd. (TSE:CCMGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.30 and traded as high as C$0.33. Canagold Resources shares last traded at C$0.33, with a volume of 607 shares traded.

Canagold Resources Stock Performance

The company has a market cap of C$56.71 million, a PE ratio of -16.25 and a beta of 0.84. The stock’s 50 day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.30. The company has a quick ratio of 0.61, a current ratio of 3.71 and a debt-to-equity ratio of 0.58.

Canagold Resources Company Profile

(Get Free Report)

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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