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

Canagold Resources Ltd. (TSE:CCM) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.29 and traded as low as C$0.28. Canagold Resources shares last traded at C$0.28, with a volume of 6,400 shares traded.

Canagold Resources Trading Up 1.8 %

The firm has a market cap of C$48.86 million, a price-to-earnings ratio of -14.00 and a beta of 0.84. The company has a quick ratio of 0.61, a current ratio of 3.71 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of C$0.29 and a 200-day moving average price of C$0.29.

Canagold Resources Company Profile

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.