Chesapeake Gold (CVE:CKG) Shares Down 0.6% - Here's Why

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.

Chesapeake Gold Corp. (CVE:CKG - ) was down 0.6% during mid-day trading on Monday . The company traded as low as C$1.71 and last traded at C$1.73. Approximately 99,727 shares traded hands during mid-day trading, an increase of 225% from the average daily 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$117.28 million, a PE ratio of -25.50 and a beta of 0.94. The business has a fifty day moving average of C$1.74 and a 200-day moving average of C$1.31.

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.

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