Canagold Resources (TSE:CCM) Trading Up 18.2% – What’s Next?

Canagold Resources Ltd. (TSE:CCM)’s share price was up 18.2% during mid-day trading on Thursday . The stock traded as high as C$0.69 and last traded at C$0.65. Approximately 190,597 shares traded hands during trading, an increase of 116% from the average daily volume of 88,202 shares. The stock had previously closed at C$0.55.

Analyst Ratings Changes

Separately, Atrium Research upgraded shares of Canagold Resources to a “strong-buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Canagold Resources Trading Up 18.2%

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 0.61. The firm has a market cap of C$138.69 million, a price-to-earnings ratio of -65.00 and a beta of 0.59. The firm’s fifty day moving average is C$0.55 and its 200-day moving average is C$0.49.

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.