Chesapeake Gold (CVE:CKG) Trading Down 1.7% - Here's What Happened

Key Points

• Chesapeake Gold Corp. (CVE:CKG) experienced a 1.7% decline in share price, trading at C$1.72 amidst a significant drop in trading volume, down 79% from its average session.
• The company has a market capitalization of C$116.60 million and operates with a PE ratio of -25.35, indicating potential financial challenges.
• Chesapeake Gold focuses on the acquisition and development of precious metal deposits, notably its flagship Metates project in Durango State, Mexico.

Chesapeake Gold Corp. (CVE:CKG - Get Free Report) was down 1.7% during trading on Friday . The stock traded as low as C$1.72 and last traded at C$1.72. Approximately 6,026 shares changed hands during trading, a decline of 79% from the average daily volume of 28,730 shares. The stock had previously closed at C$1.75.

Chesapeake Gold Price Performance

The firm has a 50-day moving average of C$1.60 and a 200 day moving average of C$1.26. The stock has a market capitalization of C$121.35 million, a price-to-earnings ratio of -26.39 and a beta of 0.94.

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.