Canadian Gold (CVE:CGC) Hits New 52-Week High – Still a Buy?

Canadian Gold Corp. (CVE:CGC) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.29 and last traded at C$0.27, with a volume of 269463 shares changing hands. The stock had previously closed at C$0.26.

Canadian Gold Stock Performance

The stock’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.17. The stock has a market capitalization of C$44.48 million, a price-to-earnings ratio of -8.00 and a beta of 1.66. The company has a quick ratio of 0.49, a current ratio of 6.37 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In related news, Director Wesley Clay Hanson sold 185,560 shares of Canadian Gold stock in a transaction dated Monday, March 31st. The stock was sold at an average price of C$0.24, for a total value of C$43,606.60. Insiders own 43.32% of the company’s stock.

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.