Klondike Gold (CVE:KG) Director Sells C$212,500.00 in Stock

Klondike Gold Corp. (CVE:KG) Director Peter Tallman sold 1,250,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$0.17, for a total value of C$212,500.00. Following the completion of the sale, the director owned 27,623,403 shares of the company’s stock, valued at approximately C$4,695,978.51. This represents a 4.33% decrease in their ownership of the stock.

Klondike Gold Price Performance

Shares of CVE KG remained flat at C$0.17 during mid-day trading on Friday. 1,391,000 shares of the stock were exchanged, compared to its average volume of 205,745. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.08 and a current ratio of 3.84. The business has a fifty day moving average of C$0.16 and a 200-day moving average of C$0.18. The company has a market capitalization of C$45.89 million, a PE ratio of -8.00 and a beta of 0.20. Klondike Gold Corp. has a 52-week low of C$0.08 and a 52-week high of C$0.31.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.59 price objective on shares of Klondike Gold and gave the stock a “buy” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$0.59.

About Klondike Gold

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.