Chesapeake Gold (CVE:CKG) Shares Down 0.6% - Time to Sell?

Key Points

• Chesapeake Gold Corp. shares fell by 0.6% during mid-day trading, reaching a low of C$1.71 before last trading at C$1.73.
• The company experienced a significant increase in trading volume, with approximately 99,727 shares changing hands, up 225% from its average daily volume of 30,697 shares.
• Chesapeake Gold has a market capitalization of C$117.28 million and is focused on the exploration and development of precious metal deposits, primarily through its flagship Metates project in Mexico.

Shares of Chesapeake Gold Corp. (CVE:CKG - Get Free Report) fell 0.6% during trading on Monday . The stock traded as low as C$1.71 and last traded at C$1.73. 99,727 shares traded hands during mid-day trading, an increase of 225% from the average session volume of 30,697 shares. The stock had previously closed at C$1.74.

Chesapeake Gold Price Performance

The stock has a market cap of C$109.43 million, a price-to-earnings ratio of -40.00 and a beta of 1.53. The stock's 50 day simple moving average is C$1.74 and its two-hundred day simple moving average is C$1.32.

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.