Chesapeake Gold (CVE:CKG) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Chesapeake Gold Corp. (CVE:CKG) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.17 and traded as low as C$3.86. Chesapeake Gold shares last traded at C$4.03, with a volume of 190,590 shares changing hands.

Chesapeake Gold Stock Down 6.8%

The firm has a 50-day moving average of C$4.15 and a two-hundred day moving average of C$2.99. The company has a market capitalization of C$275.25 million, a PE ratio of -59.67 and a beta of 1.59.

Insider Transactions at Chesapeake Gold

In other Chesapeake Gold news, insider Alan Nigel Pangbourne sold 28,500 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$4.55, for a total transaction of C$129,675.00. Following the completion of the transaction, the insider owned 7,216,500 shares of the company’s stock, valued at C$32,835,075. This trade represents a 0.39% decrease in their ownership of the stock. In the last 90 days, insiders have sold 154,300 shares of company stock valued at $606,397. 32.91% of the stock is currently owned by insiders.

Chesapeake Gold Company Profile

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.