CNL Makes Bullish Cross Above Critical Moving Average

In trading on Monday, shares of Continental Gold Ltd (TSX: CNL.TO) crossed above their 200 day moving average of $2.53, changing hands as high as $2.60 per share. Continental Gold Ltd shares are currently trading up about 9.7% on the day. The chart below shows the one year performance of CNL shares, versus its 200 day moving average:

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Continental Gold Ltd 200 Day Moving Average Chart

Looking at the chart above, CNL's low point in its 52 week range is $1.61 per share, with $4.36 as the 52 week high point — that compares with a last trade of $2.48.

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