Snowline Gold (CVE:SGD) Trading Down 1.8% – Time to Sell?

Shares of Snowline Gold Corp. (CVE:SGD) were down 1.8% on Thursday . The stock traded as low as C$9.95 and last traded at C$9.97. Approximately 169,621 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 155,165 shares. The stock had previously closed at C$10.15.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$15.00 target price on shares of Snowline Gold and gave the company an “outperform” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$11.80.

Snowline Gold Trading Down 1.8%

The stock’s 50 day moving average price is C$9.66 and its 200 day moving average price is C$8.52. The company has a market cap of C$1.72 billion, a price-to-earnings ratio of -47.48 and a beta of -0.05.

Snowline Gold Company Profile

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.