Canadian Gold (CVE:CGC) Trading Up 13.9% – Here’s Why

Canadian Gold Corp. (CVE:CGC)’s stock price was up 13.9% during trading on Monday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 348,882 shares were traded during trading, an increase of 786% from the average daily volume of 39,373 shares. The stock had previously closed at C$0.18.

Canadian Gold Price Performance

The firm has a market capitalization of C$37.07 million, a price-to-earnings ratio of -6.67 and a beta of 1.66. The company has a current ratio of 6.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of C$0.16 and a two-hundred day moving average price of C$0.17.

About Canadian Gold

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.