Continental Gold (TSE:CNL) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Continental Gold Inc (TSE:CNL)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $4.41. Continental Gold shares last traded at $4.35, with a volume of 325,149 shares.

Several research analysts have issued reports on CNL shares. Cormark lifted their target price on shares of Continental Gold from C$4.00 to C$5.20 in a report on Tuesday, July 9th. Royal Bank of Canada lifted their target price on shares of Continental Gold from C$4.00 to C$4.50 and gave the stock an “outperform” rating in a report on Thursday, June 20th.

The company has a quick ratio of 2.25, a current ratio of 2.61 and a debt-to-equity ratio of 227.86. The stock has a market capitalization of $880.04 million and a price-to-earnings ratio of -29.58. The stock has a fifty day moving average price of C$4.05.

About Continental Gold (TSE:CNL)

Continental Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,565 hectares.

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