Continental Gold (TSE:CNL) Stock Price Passes Above 200-Day Moving Average of $0.00

Shares of Continental Gold Inc (TSE:CNL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $4.41. Continental Gold shares last traded at $4.35, with a volume of 325,149 shares traded.

Several research firms have recently commented on CNL. Cormark boosted their target price on shares of Continental Gold from C$4.00 to C$5.20 in a report on Tuesday, July 9th. Royal Bank of Canada boosted their target price on shares of Continental Gold from C$4.00 to C$4.50 and gave the stock an “outperform” rating in a report on Thursday, June 20th.

The firm’s fifty day moving average price is C$4.08 and its 200 day moving average price is C$3.04. The company has a quick ratio of 3.36, a current ratio of 3.74 and a debt-to-equity ratio of 288.27. The stock has a market cap of $880.04 million and a PE ratio of -17.10.

Continental Gold Company Profile (TSE:CNL)

Continental Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,565 hectares.

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