Canadian Gold (CVE:CGC) Sets New 52-Week High – Should You Buy?

Canadian Gold Corp. (CVE:CGC)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$0.29 and last traded at C$0.27, with a volume of 269463 shares trading hands. The stock had previously closed at C$0.26.

Canadian Gold Stock Performance

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 firm’s fifty day moving average is C$0.18 and its 200 day moving average is C$0.17. The company has a market cap of C$49.12 million, a PE ratio of -8.83 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.