Chesapeake Gold (CVE:CKG) Trading Up 31.2% – Here’s Why

Shares of Chesapeake Gold Corp. (CVE:CKGGet Free Report) rose 31.2% on Monday . The company traded as high as C$4.35 and last traded at C$4.33. Approximately 306,157 shares were traded during mid-day trading, an increase of 487% from the average daily volume of 52,129 shares. The stock had previously closed at C$3.30.

Chesapeake Gold Stock Performance

The company’s 50-day simple moving average is C$2.51 and its 200 day simple moving average is C$2.07. The company has a market cap of C$306.40 million, a PE ratio of -70.83 and a beta of 1.79.

Chesapeake Gold Company Profile

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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.

Further Reading

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