Cardinal Resources (TSE:CDV) Share Price Passes Above Fifty Day Moving Average of $0.34

Shares of Cardinal Resources Ltd (TSE:CDV) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.34 and traded as high as $0.33. Cardinal Resources shares last traded at $0.33, with a volume of 15,000 shares traded.

Separately, Beacon Securities reissued a “buy” rating on shares of Cardinal Resources in a research note on Thursday, April 4th.

The firm has a market capitalization of $118.69 million and a price-to-earnings ratio of -5.08. The firm has a 50 day moving average of C$0.33. The company has a debt-to-equity ratio of 1,354.15, a current ratio of 10.64 and a quick ratio of 10.30.

Cardinal Resources (TSE:CDV) last issued its earnings results on Tuesday, May 14th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.02). The business had revenue of C$0.11 million for the quarter.

Cardinal Resources Company Profile (TSE:CDV)

Cardinal Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Ghana. It primarily explores for gold deposits. The company's principal project is Namdini Gold project located in the Bolgatanga region. Cardinal Resources Limited is based in West Perth, Australia.

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