Canagold Resources (TSE:CCM) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Canagold Resources Ltd. (TSE:CCMGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.45 and traded as low as C$0.42. Canagold Resources shares last traded at C$0.43, with a volume of 38,988 shares trading hands.

Canagold Resources Stock Up 1.2%

The stock has a 50-day moving average of C$0.45 and a 200-day moving average of C$0.43. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 0.61. The firm has a market cap of C$82.44 million, a price-to-earnings ratio of -42.50 and a beta of 0.29.

Canagold Resources (TSE:CCMGet Free Report) last released its earnings results on Friday, November 14th. The mining company reported C$0.00 earnings per share for the quarter.

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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