Chesapeake Gold (CVE:CKG) Shares Down 20.7% - Here's What Happened

Key Points

• Chesapeake Gold Corp. shares experienced a significant drop of 20.7% on Friday, trading at C$2.26, down from a previous close of C$2.85.
• The trading volume surged to 138,850 shares, marking an increase of 199% compared to the average session volume.
• The company focuses on the acquisition and development of precious metal deposits, primarily gold and silver, with its flagship project being the Metates project in Mexico.

Chesapeake Gold Corp. (CVE:CKG - )'s stock price traded down 20.7% on Friday . The stock traded as low as C$2.26 and last traded at C$2.26. 138,850 shares traded hands during mid-day trading, an increase of 199% from the average session volume of 46,462 shares. The stock had previously closed at C$2.85.

Chesapeake Gold Stock Down 14.7%

The company's fifty day moving average is C$2.05 and its two-hundred day moving average is C$1.58. The stock has a market cap of C$175.19 million, a price-to-earnings ratio of -60.75 and a beta of 1.59.

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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