Canadian Gold (CVE:CGC) Shares Up 3.7% – Still a Buy?

Shares of Canadian Gold Corp. (CVE:CGC) traded up 3.7% on Monday . The stock traded as high as C$0.29 and last traded at C$0.28. 147,362 shares traded hands during trading, an increase of 109% from the average session volume of 70,409 shares. The stock had previously closed at C$0.27.

Canadian Gold Stock Up 5.6 %

The stock’s fifty day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The company has a market capitalization of C$52.82 million, a price-to-earnings ratio of -9.50 and a beta of 1.66.

Insider Buying and Selling

In other news, Director Wesley Clay Hanson sold 185,560 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of C$0.24, for a total transaction of C$43,606.60. 43.32% of the stock is owned by company insiders.

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.