Canagold Resources (TSE:CCM) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Canagold Resources Ltd. (TSE:CCM) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.50 and traded as high as C$0.69. Canagold Resources shares last traded at C$0.67, with a volume of 90,482 shares.

Analyst Ratings Changes

Separately, Atrium Research raised Canagold Resources to a “strong-buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Canagold Resources Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 2.34. The business’s 50-day moving average is C$0.50 and its 200-day moving average is C$0.47. The company has a market capitalization of C$129.96 million, a PE ratio of -67.00 and a beta of 0.48.

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