Robert Douglas Cudney Acquires 70,000 Shares of Nighthawk Gold Corp (TSE:NHK) Stock

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Nighthawk Gold Corp (TSE:NHK) insider Robert Douglas Cudney purchased 70,000 shares of the stock in a transaction on Thursday, July 30th. The shares were purchased at an average price of C$1.71 per share, with a total value of C$119,700.00. Following the acquisition, the insider now owns 8,763,400 shares in the company, valued at approximately C$14,985,414.

TSE:NHK opened at C$1.79 on Friday. The company has a fifty day moving average of C$2.19 and a 200-day moving average of C$1.87. The firm has a market capitalization of $79.96 million and a P/E ratio of -14.21. Nighthawk Gold Corp has a twelve month low of C$0.97 and a twelve month high of C$3.65.

Nighthawk Gold (TSE:NHK) last released its quarterly earnings data on Friday, May 15th. The company reported C($0.02) earnings per share for the quarter. Equities research analysts anticipate that Nighthawk Gold Corp will post -0.41 EPS for the current fiscal year.

Separately, Pi Financial lowered their price target on shares of Nighthawk Gold from C$5.15 to C$3.00 and set a “buy” rating for the company in a report on Wednesday.

Nighthawk Gold Company Profile

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada. It owns a 100% interest in the Indin Lake Gold property covering an area of 222,203 acres located to the north of Yellowknife, the Northwest Territories, as well as Colomac Gold Project. The company was formerly known as Merc International Minerals Inc and changed its name to Nighthawk Gold Corp.

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