Atrium Research Upgrades Canagold Resources (TSE:CCM) to “Strong-Buy”

Canagold Resources (TSE:CCM) was upgraded by equities researchers at Atrium Research to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Canagold Resources Stock Up 2.0%

TSE:CCM opened at C$0.51 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 0.61. The firm’s 50-day moving average price is C$0.45 and its 200-day moving average price is C$0.45. Canagold Resources has a 1-year low of C$0.28 and a 1-year high of C$0.55. The company has a market capitalization of C$98.92 million, a PE ratio of -51.00 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 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.