Atrium Research Upgrades Canagold Resources (TSE:CCM) to Strong-Buy

Canagold Resources (TSE:CCM) was upgraded by investment analysts at Atrium Research to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Canagold Resources Price Performance

Canagold Resources stock opened at C$0.51 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of C$98.92 million, a price-to-earnings ratio of -51.00 and a beta of 0.48. The company has a fifty day simple moving average of C$0.45 and a 200-day simple moving average of C$0.45. Canagold Resources has a 52-week low of C$0.28 and a 52-week high of C$0.55.

Canagold Resources (TSE:CCM) last released its quarterly 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.