Nighthawk Gold Corp. (TSE:NHK) Director Keyvan Salehi Purchases 100,000 Shares

Nighthawk Gold Corp. (TSE:NHKGet Rating) Director Keyvan Salehi purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of C$0.56 per share, for a total transaction of C$56,000.00. Following the completion of the transaction, the director now directly owns 575,000 shares of the company’s stock, valued at approximately C$322,000.

Shares of Nighthawk Gold stock traded down C$0.08 on Monday, reaching C$0.50. The stock had a trading volume of 422,200 shares, compared to its average volume of 93,762. The business’s 50-day moving average price is C$0.76 and its two-hundred day moving average price is C$0.80. Nighthawk Gold Corp. has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.35. The stock has a market cap of C$61.40 million and a P/E ratio of -1.37.

Nighthawk Gold (TSE:NHKGet Rating) last announced its earnings results on Wednesday, March 16th. The company reported C($0.04) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Nighthawk Gold Corp. will post -0.41 earnings per share for the current year.

Several research analysts recently weighed in on the company. Laurentian Bank of Canada assumed coverage on Nighthawk Gold in a research report on Wednesday, March 9th. They set a “buy” rating and a C$3.75 price target on the stock. Haywood Securities lowered their price target on Nighthawk Gold from C$3.50 to C$2.00 in a research note on Wednesday, January 19th. Finally, Laurentian set a C$3.75 target price on shares of Nighthawk Gold in a research note on Wednesday, March 9th.

Nighthawk Gold Company Profile (Get Rating)

Nighthawk Gold Corp. operates as a gold exploration company in Canada. It owns a 100% interest in the Indin Lake Gold property, which comprises of Archean gold camp covering an area of 229,791 acres located in the Northwest Territories. The company was formerly known as Merc International Minerals Inc and changed its name to Nighthawk Gold Corp.

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