Canagold Resources (TSE:CCM) Sets New 12-Month High – Here’s Why

Canagold Resources Ltd. (TSE:CCM) reached a new 52-week high during trading on Thursday . The company traded as high as C$0.53 and last traded at C$0.51, with a volume of 138249 shares trading hands. The stock had previously closed at C$0.50.

Canagold Resources Stock Up 3.0%

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 0.61. The company has a market capitalization of C$98.92 million, a P/E ratio of -51.00 and a beta of 0.48. The stock has a 50-day moving average price of C$0.45 and a 200-day moving average price of C$0.44.

Canagold Resources (TSE:CCM) last announced its earnings results on Friday, November 14th. The mining company reported C$0.00 EPS for the quarter.

Canagold Resources Company Profile

Canagold owns a portfolio of Gold and Silver projects located in North America. The company’s flagship asset is New Polaris – an advanced and past-producing, high-grade gold project in northern British Columbia, Canada. The company has a fully funded work program underway at New Polaris, and is currently advancing the project to feasibility status. CanaGold is managed by an experienced team with a strong track record of exploration, development and finance.