Canadian Gold (CVE:CGC) Stock Price Up 3.3% – Still a Buy?

Canadian Gold Corp. (CVE:CGC) shares shot up 3.3% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. 900 shares were traded during mid-day trading, a decline of 99% from the average session volume of 65,025 shares. The stock had previously closed at C$0.15.

Canadian Gold Stock Performance

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 firm has a market capitalization of C$28.73 million, a P/E ratio of -5.17 and a beta of 1.66. The company’s 50 day moving average is C$0.16 and its 200-day moving average is C$0.16.

Canadian Gold Company Profile

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.