Canagold Resources (TSE:CCM) Share Price Crosses Above 50-Day Moving Average of $0.31

Canagold Resources Ltd. (TSE:CCM)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.31 and traded as high as C$0.32. Canagold Resources shares last traded at C$0.32, with a volume of 22,755 shares changing hands.

Canagold Resources Stock Performance

The stock has a market capitalization of C$54.97 million, a P/E ratio of -15.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.61 and a current ratio of 3.71. The company’s fifty day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.27.

About Canagold Resources

Canagold Resources Ltd. engages in the evaluation, acquisition, exploration, and development of precious metal properties in the United States and Canada. It explores for gold, silver, and copper deposits. The company holds 100% interest in the New Polaris project that consist of 61 crown granted mineral claims and 1 modified grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley; and the Windfall Hills project consists of the Atna properties, comprising 2 mineral claims covering 959 hectares and the Dunn properties, comprising 8 mineral claims covering 2820 hectares, located near south of Burns Lake.