Canadian Gold (CVE:CGC) Stock Price Down 2.6% – Here’s Why

Canadian Gold Corp. (CVE:CGC) shares traded down 2.6% during trading on Thursday . The company traded as low as C$0.19 and last traded at C$0.19. 34,820 shares traded hands during trading, a decline of 50% from the average session volume of 69,769 shares. The stock had previously closed at C$0.19.

Canadian Gold Stock Up 2.7 %

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 business’s 50-day simple moving average is C$0.18 and its 200-day simple moving average is C$0.17. The company has a market capitalization of C$35.21 million, a PE ratio of -6.33 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.