Chesapeake Gold (CVE:CKG) Hits New 1-Year High - Here's What Happened

Key Points

• Chesapeake Gold Corp. reached a new 52-week high of C$3.12 during mid-day trading, closing at C$2.90 with a trading volume of 199,965 shares.
• The stock has seen a significant increase of 10.1% recently, supported by a 50-day moving average price of C$1.86.
• The company specializes in the exploration and development of precious metals in North and Central America, with its flagship project being the Metates project in Mexico.

Chesapeake Gold Corp. (CVE:CKG - )'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.12 and last traded at C$2.90, with a volume of 199965 shares traded. The stock had previously closed at C$2.68.

Chesapeake Gold Stock Up 10.1%

The firm has a 50-day moving average price of C$1.86 and a two-hundred day moving average price of C$1.48. The company has a market capitalization of C$212.68 million, a P/E ratio of -73.75 and a beta of 1.59.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.