Kestrel Gold (CVE:KGC) Trading Up 37.5% – What’s Next?

Kestrel Gold Inc. (CVE:KGC) shares rose 37.5% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 334,019 shares were traded during mid-day trading, an increase of 353% from the average daily volume of 73,746 shares. The stock had previously closed at C$0.04.

Kestrel Gold Trading Up 37.5%

The business’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.03. The company has a market capitalization of C$5.78 million, a price-to-earnings ratio of -2.50 and a beta of 1.49.

Insider Buying and Selling at Kestrel Gold

In related news, insider John Bernard Kreft purchased 233,000 shares of Kestrel Gold stock in a transaction dated Thursday, April 17th. The shares were bought at an average cost of C$0.35 per share, for a total transaction of C$81,550.00. Insiders own 37.71% of the company’s stock.

About Kestrel Gold

Kestrel Gold Inc, an early-stage exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds 100% interest in the King Solomon Dome project located in Yukon Territory. It also has an option agreement to acquire 100% interest in the Fireweed located near Kitimat, British Columbia; and the flagship QCM project covering an area of 69 square kilometers located in northern British Columbia.