Canagold Resources (TSE:CCM) Hits New 12-Month High – Still a Buy?

Canagold Resources Ltd. (TSE:CCM)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$0.55 and last traded at C$0.54, with a volume of 107308 shares. The stock had previously closed at C$0.51.

Analysts Set New Price Targets

Separately, Atrium Research raised Canagold Resources to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Canagold Resources Price Performance

The company has a current ratio of 2.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The stock has a market cap of C$108.62 million, a PE ratio of -56.00 and a beta of 0.48. The business has a 50-day moving average price of C$0.45 and a 200 day moving average price of C$0.45.

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

About Canagold Resources

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.