Canagold Resources (TSE:CCM) Stock Price Crosses Above 50-Day Moving Average of $0.22

Canagold Resources Ltd. (TSE:CCM) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.22 and traded as high as C$0.24. Canagold Resources shares last traded at C$0.24, with a volume of 50,500 shares.

Canagold Resources Trading Down 9.6 %

The stock has a fifty day moving average of C$0.23 and a 200 day moving average of C$0.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 7.38. The company has a market capitalization of C$40.79 million, a P/E ratio of -7.83 and a beta of 0.95.

Canagold Resources (TSE:CCM) last posted its quarterly earnings results on Monday, April 1st. The mining company reported C($0.01) earnings per share for the quarter.

About Canagold Resources

Canagold Resources Ltd. engages in the evaluation, acquisition, exploration, and development of precious metal properties in the United States and Canada. The company explores for gold, silver, and copper deposits. Its flagship property is its 100% interest in the New Polaris gold mine 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.