Canadian Gold (CVE:CGC) Stock Price Up 1.8% – Here’s Why

Canadian Gold Corp. (CVE:CGC) shares rose 1.8% on Wednesday . The stock traded as high as C$0.58 and last traded at C$0.58. Approximately 145,853 shares traded hands during trading, a decline of 51% from the average daily volume of 300,243 shares. The stock had previously closed at C$0.57.

Canadian Gold Stock Up 1.8%

The company has a market cap of C$122.13 million, a P/E ratio of -29.00 and a beta of -0.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The company’s 50-day moving average is C$0.55 and its two-hundred day moving average is C$0.39.

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.