Chesapeake Gold (CVE:CKG) Stock Price Down 21.1% - Time to Sell?

Key Points

• Chesapeake Gold Corp. (CVE:CKG) saw its stock price drop 21.1% during trading, closing at C$2.25 after reaching a low of C$2.24.
• The company's market capitalization stands at C$175.19 million, with a PE ratio of -60.75 and a beta of 1.59.
• Chesapeake Gold focuses on the exploration and development of precious metal deposits in North and Central America, primarily targeting gold and silver.

Chesapeake Gold Corp. (CVE:CKG - )'s share price traded down 21.1% during mid-day trading on Friday . The stock traded as low as C$2.24 and last traded at C$2.25. 179,950 shares changed hands during trading, an increase of 287% from the average session volume of 46,462 shares. The stock had previously closed at C$2.85.

Chesapeake Gold Stock Performance

The company has a market capitalization of C$175.19 million, a PE ratio of -60.75 and a beta of 1.59. The company's 50-day simple moving average is C$2.05 and its 200-day simple moving average is C$1.58.

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.

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