Canagold Resources (TSE:CCM) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Canagold Resources Ltd. (TSE:CCM) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.29 and traded as low as C$0.28. Canagold Resources shares last traded at C$0.28, with a volume of 6,400 shares changing hands.

Canagold Resources Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.61 and a current ratio of 3.71. The firm’s 50 day moving average price is C$0.29 and its 200-day moving average price is C$0.29. The firm has a market capitalization of C$48.86 million, a PE ratio of -14.00 and a beta of 0.84.

Canagold Resources Company Profile

Canagold Resources Ltd. engages in the evaluation, acquisition, exploration, and development of precious metal properties in the United States and Canada. It explores for gold, silver, and copper deposits. The company holds 100% interest in the New Polaris project that consist of 61 crown granted mineral claims and 1 modified grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley; and the Windfall Hills project consists of the Atna properties, comprising 2 mineral claims covering 959 hectares and the Dunn properties, comprising 8 mineral claims covering 2820 hectares, located near south of Burns Lake.