Continental Gold (TSE:CNL) Hits New 1-Year High at $5.46

Continental Gold Inc (TSE:CNL) shares hit a new 52-week high on Monday . The company traded as high as C$5.46 and last traded at C$5.46, with a volume of 1944428 shares traded. The stock had previously closed at C$5.44.

Several analysts have issued reports on the stock. BMO Capital Markets lowered shares of Continental Gold from an “outperform” rating to a “market perform” rating in a research report on Monday, December 16th. Eight Capital downgraded shares of Continental Gold from a “buy” rating to a “tender” rating and decreased their price objective for the company from C$5.85 to C$5.50 in a research report on Friday, December 6th. Finally, TD Securities lowered shares of Continental Gold from a “speculative buy” rating to a “tender” rating and lowered their price objective for the stock from C$7.00 to C$5.50 in a research note on Tuesday, December 3rd.

The business has a fifty day moving average of C$5.38 and a 200 day moving average of C$4.44. The firm has a market cap of $1.17 billion and a P/E ratio of -21.54. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 248.61.

Continental Gold (TSE:CNL) last released its quarterly earnings data on Thursday, November 14th. The company reported C($0.05) earnings per share (EPS) for the quarter. Research analysts expect that Continental Gold Inc will post 0.13 EPS for the current year.

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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