Chesapeake Gold (CVE:CKG) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Chesapeake Gold Corp. (CVE:CKG)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.82 and traded as low as C$3.33. Chesapeake Gold shares last traded at C$3.69, with a volume of 96,911 shares traded.

Chesapeake Gold Stock Performance

The stock has a market capitalization of C$283.71 million, a P/E ratio of -61.50 and a beta of 1.59. The firm has a fifty day moving average price of C$3.82 and a two-hundred day moving average price of C$2.71.

Insider Activity

In other news, insider Alan Nigel Pangbourne sold 28,500 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$4.55, for a total transaction of C$129,675.00. Following the completion of the sale, the insider owned 7,216,500 shares of the company’s stock, valued at C$32,835,075. This represents a 0.39% decrease in their position. In the last ninety days, insiders sold 154,300 shares of company stock worth $606,397. Insiders own 32.91% of the company’s stock.

Chesapeake Gold Company Profile

Chesapeake Gold Corp., a mineral exploration and evaluation company, focuses on acquisition, evaluation, and development of precious metal deposits in North and Central America. The company primarily explores for gold and silver deposits. Its flagship project is the Metates project that includes 14 mining concessions covering an area of 14,727 hectares located in Durango State, Mexico. Chesapeake Gold Corp. was founded in 1993 and is headquartered in Vancouver, Canada.