Canadian Gold (CVE:CGC) Stock Price Up 3.3% – Here’s Why

Canadian Gold Corp. (CVE:CGC) was up 3.3% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 900 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 65,025 shares. The stock had previously closed at C$0.15.

Canadian Gold Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The company’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.16. The company has a market cap of C$28.73 million, a PE ratio of -5.17 and a beta of 1.66.

Canadian Gold Company Profile

Canadian Gold Corp. engages in the exploration and development of mineral properties in Canada. Its principal project is the Tartan Lake gold mine project that consists of 20 mineral claims covering an area of approximately 2,670 hectares located northeast of the town of Flin Flon, Manitoba, Canada. The company was formerly known as Satori Resources Inc and changed its name to Canadian Gold Corp.