Shares of Klondike Gold Corp. (CVE:KG – Get Free Report) were down 15.6% during trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.14. 568,490 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 214,119 shares. The stock had previously closed at C$0.16.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a C$0.59 price objective on Klondike Gold and gave the company a “buy” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$0.59.
View Our Latest Analysis on KG
Klondike Gold Trading Down 12.5%
Insider Buying and Selling
In other Klondike Gold news, Director Peter Tallman sold 230,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$0.17, for a total transaction of C$39,100.00. Following the sale, the director directly owned 28,873,403 shares of the company’s stock, valued at approximately C$4,908,478.51. This represents a 0.79% decrease in their ownership of the stock. 11.16% of the stock is currently owned by company 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.
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