Chesapeake Gold (CVE:CKG) Stock Passes Below 50 Day Moving Average – What’s Next?

Chesapeake Gold Corp. (CVE:CKG) passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Chesapeake Gold Trading Up 10.1%

The stock has a market capitalization of C$283.71 million, a price-to-earnings ratio of -61.50 and a beta of 1.59. The company has a fifty day moving average of C$3.82 and a two-hundred day moving average of C$2.70.

Insider Buying and Selling

In other Chesapeake Gold news, insider Alan Nigel Pangbourne sold 83,800 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of C$4.09, for a total transaction of C$342,742.00. Following the completion of the transaction, the insider owned 7,245,000 shares of the company’s stock, valued at C$29,632,050. The trade was a 1.14% decrease in their position. In the last quarter, insiders have sold 154,300 shares of company stock valued at $606,397. Company insiders own 32.91% of the company’s stock.

About Chesapeake Gold

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.