Chesapeake Gold (CVE:CKG) Reaches New 12-Month High – Here’s What Happened

Shares of Chesapeake Gold Corp. (CVE:CKG) hit a new 52-week high on Monday . The stock traded as high as C$5.10 and last traded at C$5.06, with a volume of 375787 shares trading hands. The stock had previously closed at C$4.90.

Chesapeake Gold Stock Performance

The stock has a market capitalization of C$320.81 million, a PE ratio of -74.17 and a beta of 1.86. The firm has a 50 day moving average of C$3.50 and a 200-day moving average of C$2.57.

Insider Activity at Chesapeake Gold

In related news, insider Alan Nigel Pangbourne sold 28,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$4.55, for a total transaction of C$129,675.00. Following the completion of the sale, the insider directly owned 7,216,500 shares in the company, valued at approximately C$32,835,075. This trade represents a 0.39% decrease in their ownership of the stock. Insiders have sold 154,300 shares of company stock worth $606,397 in the last ninety days. Company insiders own 32.91% of the company’s stock.

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. Chesapeake Gold Corp. was founded in 1993 and is headquartered in Vancouver, Canada.