Canagold Resources Stock Today

CCM Stock  CAD 0.30  0.00  0.00%   

Performance

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Odds Of Distress

Over 65

 
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Canagold Resources is selling at 0.3 as of the 3rd of December 2024; that is No Change since the beginning of the trading day. The stock's open price was 0.3. Canagold Resources has more than 65 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Canagold Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2024 and ending today, the 3rd of December 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Canarc Resource Corp. engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. Canarc Resource Corp. was founded in 1987 and is headquartered in Vancouver, Canada. CANARC RES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. The company has 174.5 M outstanding shares of which 18.51 K shares are currently shorted by private and institutional investors with about 0.74 days to cover all short positions. More on Canagold Resources

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Canagold Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canagold Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canagold Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President COOGarry PEng
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Canagold Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Canagold Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Canagold Resources can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canagold Resources' financial leverage. It provides some insight into what part of Canagold Resources' total assets is financed by creditors.
Liquidity
Canagold Resources cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Canagold Resources has accumulated 215 K in total debt with debt to equity ratio (D/E) of 0.5, which is about average as compared to similar companies. Canagold Resources has a current ratio of 12.91, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Canagold Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Canagold Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canagold Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canagold to invest in growth at high rates of return. When we think about Canagold Resources' use of debt, we should always consider it together with cash and equity.

Capital Expenditures

4.77 Million
Canagold Resources (CCM) is traded on Toronto Exchange in Canada and employs 11 people. Canagold Resources is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 52.35 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canagold Resources's market, we take the total number of its shares issued and multiply it by Canagold Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Canagold Resources operates under Metals & Mining sector and is part of Materials industry. The entity has 174.5 M outstanding shares of which 18.51 K shares are currently shorted by private and institutional investors with about 0.74 days to cover all short positions. Canagold Resources has accumulated about 2.66 M in cash with (1.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Canagold Resources Probability Of Bankruptcy
Ownership Allocation
Canagold Resources holds a total of 174.5 Million outstanding shares. Over half of Canagold Resources' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Canagold Resources. Please watch out for any change in the institutional holdings of Canagold Resources as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Canagold Ownership Details

Canagold Resources Risk Profiles

Although Canagold Resources' alpha and beta are two of the key measurements used to evaluate Canagold Resources' performance over the market, the standard measures of volatility play an important role as well.

Canagold Stock Against Markets

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Canagold Resources Corporate Management

Elected by the shareholders, the Canagold Resources' board of directors comprises two types of representatives: Canagold Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canagold. The board's role is to monitor Canagold Resources' management team and ensure that shareholders' interests are well served. Canagold Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canagold Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Troy BScVP ExplorationProfile
Knox HendersonVice DevelopmentProfile
Colm KeoghSenior OperationsProfile
Catalin BComChief OfficerProfile
Gregg MSCIVice RelationsProfile

Other Information on Investing in Canagold Stock

Canagold Resources financial ratios help investors to determine whether Canagold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canagold with respect to the benefits of owning Canagold Resources security.