Shares of Continental Gold Inc (TSE:CNL) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.81 and traded as high as $3.79. Continental Gold shares last traded at $3.78, with a volume of 197,773 shares trading hands.
Separately, Royal Bank of Canada lifted their price target on shares of Continental Gold from C$4.00 to C$4.50 and gave the company an “outperform” rating in a research note on Thursday, June 20th.
The firm’s 50-day moving average price is C$2.85. The stock has a market capitalization of $721.48 million and a P/E ratio of -26.32. The company has a current ratio of 2.61, a quick ratio of 2.25 and a debt-to-equity ratio of 227.86.
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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