Canadian Gold (CVE:CGC) Trading 8.3% Higher – Should You Buy?

Canadian Gold Corp. (CVE:CGC)’s share price traded up 8.3% on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. 221,012 shares traded hands during mid-day trading, an increase of 556% from the average session volume of 33,714 shares. The stock had previously closed at C$0.18.

Canadian Gold Trading Up 11.1 %

The company has a quick ratio of 0.49, a current ratio of 6.37 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of C$0.16 and a 200-day simple moving average of C$0.17. The company has a market cap 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.