Chesapeake Gold Corp. (CVE:CKG – Get Free Report) shares fell 6.1% during mid-day trading on Friday. The company traded as low as C$2.13 and last traded at C$2.15. 22,497 shares traded hands during trading, a decline of 74% from the average session volume of 87,361 shares. The stock had previously closed at C$2.29.
Chesapeake Gold Stock Performance
The stock has a market cap of C$165.30 million, a P/E ratio of -26.88 and a beta of 2.26. The company’s 50 day moving average price is C$2.91 and its 200-day moving average price is C$3.34.
About Chesapeake Gold
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.
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