Klondike Gold (CVE:KG) PT Set at C$0.59 by Fundamental Research

Klondike Gold (CVE:KG) has been given a C$0.59 price target by Fundamental Research in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price objective suggests a potential upside of 227.78% from the company’s previous close.

Klondike Gold Price Performance

Shares of Klondike Gold stock traded down C$0.01 during mid-day trading on Tuesday, reaching C$0.18. 3,000 shares of the stock traded hands, compared to its average volume of 246,221. The business has a 50-day moving average of C$0.18 and a 200 day moving average of C$0.17. Klondike Gold has a fifty-two week low of C$0.08 and a fifty-two week high of C$0.31. The stock has a market capitalization of C$45.70 million, a PE ratio of -8.00 and a beta of 0.40. The company has a quick ratio of 2.09, a current ratio of 3.84 and a debt-to-equity ratio of 0.38.

Insider Activity at Klondike Gold

In other Klondike Gold news, Director Peter Tallman sold 230,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$0.17, for a total transaction of C$39,100.00. Following the completion of the transaction, the director owned 28,873,403 shares of the company’s stock, valued at C$4,908,478.51. This represents a 0.79% decrease in their ownership of the stock. 11.16% of the stock is owned by insiders.

Klondike Gold Company Profile

Klondike Gold Corp., a resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. Its flagship project is the 100% owned Klondike District gold project located in Dawson City, Yukon Territory. The company was formerly known as Arbor Resources Inc and changed its name to Klondike Gold Corp. in January 1996. Klondike Gold Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.