Canagold Resources (TSE:CCM) Sets New 1-Year High – Should You Buy?

Canagold Resources Ltd. (TSE:CCMGet Free Report) reached a new 52-week high 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 Price Performance

The company has a market cap of C$46.63 million, a P/E ratio of -11.52 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 0.61. The business’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.30.

Canagold Resources Company Profile

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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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