Insider Buying: Chesapeake Gold Corp. (CVE:CKG) Insider Buys 100,000 Shares of Stock

Chesapeake Gold Corp. (CVE:CKG) insider 2176423 Ontario Ltd. bought 100,000 shares of Chesapeake Gold stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of C$2.58 per share, for a total transaction of C$257,520.00.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Friday, May 17th, 2176423 Ontario Ltd. bought 100,000 shares of Chesapeake Gold stock. The stock was acquired at an average cost of C$2.97 per share, for a total transaction of C$297,270.00.

Chesapeake Gold Trading Down 1.6 %

Shares of CVE CKG traded down C$0.04 during mid-day trading on Thursday, hitting C$2.50. The company’s stock had a trading volume of 3,305 shares, compared to its average volume of 23,633. The stock has a market cap of C$168.43 million, a price-to-earnings ratio of -28.22 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 12.09 and a quick ratio of 19.07. Chesapeake Gold Corp. has a one year low of C$1.06 and a one year high of C$3.22. The company’s fifty day simple moving average is C$2.33 and its 200-day simple moving average is C$2.01.

Chesapeake Gold (CVE:CKG) last released its quarterly earnings data on Tuesday, April 23rd. The company reported C($0.03) earnings per share for the quarter.

About Chesapeake Gold

Chesapeake Gold Corp., a mineral exploration and evaluation company, focuses on acquisition, evaluation, and development of gold-silver deposits in North and South America. Its flagship project is the Metates project that includes 12 contiguous mining concessions covering an area of totaling 4,260.7 located in Durango State, Mexico.