Canadian Goldfields Discovery Stock Price, News & Analysis
Company Description
Canadian Goldfields Discovery Corp. is a Canadian mineral exploration company focused on advancing the Miminiska Gold Project in northwestern Ontario. The company’s common shares trade on the TSX Venture Exchange under the symbol CGM and are quoted on the OTCQB Venture Market under the symbol CGMXF.
The company’s principal disclosed asset is the Miminiska Gold Project, described by Canadian Goldfields as a high-grade, district-scale gold project. Miminiska hosts a gold-rich banded iron formation system with exploration work centered on the Miminiska and Frond Zones. Company disclosures describe multiple high-grade historical drill intercepts, more than 14 kilometres of under-explored strike, and approximately 25,000 metres of historical drilling that provide a technical foundation for further exploration. The known zones are described as remaining open along strike and at depth.
Canadian Goldfields operates as a junior exploration issuer rather than a producing mining company. Its business model centers on identifying, acquiring, evaluating, and advancing mineral properties through geological interpretation, exploration planning, drilling, and technical work. The company’s disclosures emphasize gold exploration in Ontario, including gold-bearing banded iron formation targets and district-scale exploration potential.
The company’s public-company activity also includes market access and capital-market communications. Its U.S. quotation under CGMXF followed a symbol change aligned with the company’s name change and acquisition of the Miminiska Gold Property. Canadian Goldfields has also disclosed DTC eligibility for its common shares in the United States and an OTCQB quotation after previously trading on the OTC Markets platform.
Stock Performance
Canadian Goldfields Discovery (CGMXF) stock last traded at $0.2329, up 2.78% from the previous close. Over the past 12 months, the stock has lost 31.7%. At a market capitalization of $19.7M, CGMXF is classified as a micro-cap stock with approximately 107.4M shares outstanding.
Latest News
Canadian Goldfields Discovery has 8 recent news articles. Of the recent coverage, 2 articles coincided with positive price movement and 3 with negative movement. Key topics include acquisition, management. View all CGMXF news →
SEC Filings
Financial Highlights
Upcoming Events
Short Interest History
Short interest in Canadian Goldfields Discovery (CGMXF) currently stands at 19.2 thousand shares, up 859.0% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has increased by 3736%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Canadian Goldfields Discovery (CGMXF) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.
CGMXF Company Profile & Sector Positioning
Canadian Goldfields Discovery (CGMXF) operates in the Other Industrial Metals & Mining industry within the broader Basic Materials sector and is listed on the OTC Link.