Canadian Gold (CVE:CGC) Shares Up 13.8%

Shares of Canadian Gold Corp. (CVE:CGC) shot up 13.8% during trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17. 481,750 shares were traded during mid-day trading, an increase of 660% from the average session volume of 63,396 shares. The stock had previously closed at C$0.15.

Canadian Gold Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.49 and a current ratio of 3.09. The company has a market cap of C$28.96 million, a PE ratio of -16.50 and a beta of 1.68. The company’s 50-day simple moving average is C$0.14 and its 200 day simple 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.