Kestrel Gold (CVE:KGC) Shares Up 27.3% – Time to Buy?

Shares of Kestrel Gold Inc. (CVE:KGC) shot up 27.3% on Friday . The company traded as high as C$0.08 and last traded at C$0.07. 664,564 shares changed hands during mid-day trading, an increase of 737% from the average session volume of 79,427 shares. The stock had previously closed at C$0.06.

Kestrel Gold Price Performance

The business has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03. The firm has a market capitalization of C$7.88 million, a price-to-earnings ratio of -2.50 and a beta of 1.49.

Insider Buying and Selling at Kestrel Gold

In other news, insider John Bernard Kreft acquired 233,000 shares of the business’s stock in a transaction dated Thursday, April 17th. The shares were acquired at an average cost of C$0.35 per share, with a total value of C$81,550.00. Corporate insiders own 37.71% of the company’s stock.

Kestrel Gold Company Profile

Kestrel Gold Inc, an early-stage exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds 100% interest in the King Solomon Dome project located in Yukon Territory. It also has an option agreement to acquire 100% interest in the Fireweed located near Kitimat, British Columbia; and the flagship QCM project covering an area of 69 square kilometers located in northern British Columbia.