Canagold Resources (TSE:CCM) Reaches New 52-Week High – Still a Buy?

Canagold Resources Ltd. (TSE:CCMGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.39 and last traded at C$0.36, with a volume of 147660 shares. The stock had previously closed at C$0.33.

Canagold Resources Stock Performance

The company has a quick ratio of 0.61, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of C$46.63 million, a P/E ratio of -11.52 and a beta of 0.84. The company has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.30.

Canagold Resources Company Profile

(Get Free Report)

Canagold owns a portfolio of Gold and Silver projects located in North America. The company’s flagship asset is New Polaris – an advanced and past-producing, high-grade gold project in northern British Columbia, Canada. The company has a fully funded work program underway at New Polaris, and is currently advancing the project to feasibility status.

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