Canadian Gold (CVE:CGC) Trading Up 8.3% – What’s Next?

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

The stock’s 50-day moving average is C$0.17 and its 200 day moving average is C$0.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.49 and a current ratio of 6.37. The stock has a market capitalization of C$37.07 million, a PE ratio of -6.67 and a beta of 1.66.

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.