Klondike Gold (CVE:KG) Director Peter Tallman Sells 1,250,000 Shares

Klondike Gold Corp. (CVE:KG) Director Peter Tallman sold 1,250,000 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of C$0.17, for a total transaction of C$212,500.00. Following the completion of the sale, the director directly owned 27,623,403 shares in the company, valued at approximately C$4,695,978.51. This represents a 4.33% decrease in their position.

Klondike Gold Stock Performance

Shares of CVE KG remained flat at C$0.17 during midday trading on Friday. The stock had a trading volume of 1,391,000 shares, compared to its average volume of 205,745. The company has a current ratio of 3.84, a quick ratio of 2.08 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is C$0.16 and its 200 day moving average price is C$0.18. Klondike Gold Corp. has a 12-month low of C$0.08 and a 12-month high of C$0.31. The firm has a market capitalization of C$45.89 million, a price-to-earnings ratio of -8.00 and a beta of 0.20.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.59 price target on Klondike Gold and gave the company a “buy” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$0.59.

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.