Canadian Gold (CVE:CGC) Stock Price Down 6.3% – What’s Next?

Canadian Gold Corp. (CVE:CGC) shares fell 6.3% on Friday . The stock traded as low as C$0.14 and last traded at C$0.15. 187,000 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 69,233 shares. The stock had previously closed at C$0.16.

Canadian Gold Trading Down 6.3 %

The firm has a market cap of C$27.80 million, a PE ratio of -5.00 and a beta of 1.66. The company has a quick ratio of 0.49, a current ratio of 6.37 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.16.

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.