Canadian Gold (CVE:CGC) Shares Up 8.8% – Time to Buy?

Shares of Canadian Gold Corp. (CVE:CGC) rose 8.8% on Thursday . The stock traded as high as C$0.31 and last traded at C$0.31. Approximately 138,275 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 84,102 shares. The stock had previously closed at C$0.29.

Canadian Gold Stock Up 8.8%

The stock has a market cap of C$57.46 million, a PE ratio of -10.33 and a beta of 1.66. 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 50 day moving average price of C$0.28 and a two-hundred day moving average price of C$0.21.

Insider Buying and Selling

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

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.