Canadian Gold (CVE:CGC) Stock Price Up 8.3% – Should You Buy?

Canadian Gold Corp. (CVE:CGC)’s stock price rose 8.3% during mid-day trading on Monday . The company traded as high as C$0.20 and last traded at C$0.20. Approximately 221,012 shares were traded during trading, an increase of 556% from the average daily volume of 33,714 shares. The stock had previously closed at C$0.18.

Canadian Gold Price Performance

The company’s 50-day moving average price is C$0.16 and its 200-day moving average price is C$0.17. 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 firm has a market cap of C$37.07 million, a price-to-earnings ratio of -6.67 and a beta of 1.66.

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.