Canagold Resources (TSE:CCM) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Canagold Resources Ltd. (TSE:CCM) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.29 and traded as low as C$0.28. Canagold Resources shares last traded at C$0.31, with a volume of 217,500 shares trading hands.

Canagold Resources Stock Up 6.9 %

The stock has a market capitalization of C$54.10 million, a P/E ratio of -15.50 and a beta of 0.84. The firm’s 50-day simple moving average is C$0.29 and its 200 day simple moving average is C$0.29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.61 and a current ratio of 3.71.

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.