Continental Gold (TSE:CNL) Reaches New 1-Year High at $5.39

Continental Gold Inc (TSE:CNL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$5.39 and last traded at C$5.39, with a volume of 698437 shares traded. The stock had previously closed at C$5.36.

Several equities research analysts have weighed in on CNL shares. BMO Capital Markets reduced their price objective on Continental Gold from C$8.50 to C$5.50 in a research note on Tuesday. Eight Capital lowered Continental Gold from a “buy” rating to a “tender” rating and lowered their price objective for the company from C$5.85 to C$5.50 in a research note on Friday. Finally, TD Securities cut Continental Gold from a “speculative buy” rating to a “tender” rating and dropped their target price for the stock from C$7.00 to C$5.50 in a report on Tuesday.

The company has a debt-to-equity ratio of 248.61, a current ratio of 1.47 and a quick ratio of 1.18. The business has a 50-day moving average of C$4.31 and a 200-day moving average of C$3.89. The company has a market capitalization of $1.09 billion and a P/E ratio of -21.15.

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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