Chesapeake Gold (CVE:CKG) Stock Price Up 28.1% - Here's Why

Key Points

• Chesapeake Gold Corp. shares soared by 28.1% on Friday, reaching a last traded price of C$2.69.
• The surge in stock price was accompanied by a significant increase in trading volume, with 236,155 shares traded, compared to the average daily volume of 43,968 shares.
• Chesapeake Gold focuses on the exploration and development of precious metal deposits, with its flagship project located in Durango State, Mexico.

Chesapeake Gold Corp. (CVE:CKG - ) shares rose 28.1% on Friday . The company traded as high as C$2.69 and last traded at C$2.69. Approximately 236,155 shares were traded during mid-day trading, an increase of 437% from the average daily volume of 43,968 shares. The stock had previously closed at C$2.10.

Chesapeake Gold Stock Performance

The stock has a 50 day moving average of C$1.84 and a two-hundred day moving average of C$1.46. The stock has a market cap of C$193.21 million, a PE ratio of -67.00 and a beta of 1.38.

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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