Canadian Gold (CVE:CGC) Stock Price Down 6.3% – Here’s What Happened

Canadian Gold Corp. (CVE:CGC)’s share price traded down 6.3% during mid-day trading on Friday . The stock traded as low as C$0.14 and last traded at C$0.15. 187,000 shares traded hands during trading, an increase of 170% from the average session volume of 69,233 shares. The stock had previously closed at C$0.16.

Canadian Gold Price Performance

The company has a market capitalization of C$27.80 million, a price-to-earnings ratio of -5.00 and a beta of 1.66. The company’s 50 day simple moving average is C$0.19 and its 200-day simple moving average is C$0.17. The company has a current ratio of 6.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07.

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.