Canadian Gold (CVE:CGC) Trading 8.3% Higher – Time to Buy?

Canadian Gold Corp. (CVE:CGC)’s share price rose 8.3% during trading on Monday . The company traded as high as C$0.20 and last traded at C$0.20. Approximately 221,012 shares traded hands 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 Stock Performance

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. 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 stock has a 50 day moving average of C$0.17 and a 200 day moving average of C$0.17.

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.