Continental Gold (TSE:CNL) Shares Cross Above 200 Day Moving Average of $0.00

Continental Gold Inc (TSE:CNL) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $4.05. Continental Gold shares last traded at $4.01, with a volume of 421,440 shares changing hands.

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an “outperform” rating for the company in a research note on Thursday, June 20th. Cormark increased their price target on Parex Resources from C$32.50 to C$35.00 in a research note on Tuesday, July 9th.

The company has a market capitalization of $792.04 million and a price-to-earnings ratio of -27.78. The company has a debt-to-equity ratio of 227.86, a current ratio of 2.61 and a quick ratio of 2.25. The stock has a 50-day simple moving average of C$3.73.

About Continental Gold (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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