Continental Gold (TSE:CNL) Stock Price Crosses Above Fifty Day Moving Average of $2.81

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 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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