Chesapeake Gold (CVE:CKG) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Chesapeake Gold Corp. (CVE:CKGGet Free Report)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.40 and traded as low as C$3.26. Chesapeake Gold shares last traded at C$3.43, with a volume of 30,912 shares changing hands.

Chesapeake Gold Stock Down 2.6%

The company has a market capitalization of C$263.72 million, a price-to-earnings ratio of -42.88 and a beta of 1.51. The company has a 50 day simple moving average of C$3.40 and a 200 day simple moving average of C$3.45.

Chesapeake Gold Company Profile

(Get Free Report)

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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