Canagold Resources (TSE:CCM) Stock Passes Below 200-Day Moving Average – Here’s Why

Canagold Resources Ltd. (TSE:CCMGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.56 and traded as low as C$0.52. Canagold Resources shares last traded at C$0.52, with a volume of 10,270 shares.

Canagold Resources Stock Performance

The company has a quick ratio of 0.61, a current ratio of 3.95 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of C$111.25 million, a P/E ratio of -52.00 and a beta of 0.74. The firm’s 50-day simple moving average is C$0.53 and its 200 day simple moving average is C$0.56.

About Canagold Resources

(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. CanaGold is managed by an experienced team with a strong track record of exploration, development and finance.

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