Canagold Resources (TSE:CCM) Upgraded at Atrium Research

Atrium Research upgraded shares of Canagold Resources (TSE:CCM) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Canagold Resources Stock Performance

Shares of CCM opened at C$0.57 on Wednesday. The firm’s fifty day simple moving average is C$0.45 and its two-hundred day simple moving average is C$0.45. Canagold Resources has a 12 month low of C$0.28 and a 12 month high of C$0.57. The company has a current ratio of 2.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of C$110.56 million, a P/E ratio of -57.00 and a beta of 0.48.

Canagold Resources (TSE:CCM) last announced its quarterly earnings data on Friday, November 14th. The mining company reported C$0.00 earnings per share (EPS) for the quarter.

About Canagold Resources

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.