Klondike Gold (CVE:KG) Hits New 52-Week Low – Here’s Why

Klondike Gold Corp. (CVE:KG)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 225676 shares changing hands. The stock had previously closed at C$0.06.

Klondike Gold Trading Up 8.3 %

The firm has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.07. The stock has a market cap of C$13.45 million, a PE ratio of -8.00 and a beta of 0.85. The company has a current ratio of 3.84, a quick ratio of 2.09 and a debt-to-equity ratio of 0.38.

Insider Buying and Selling at Klondike Gold

In other news, Director Peter Tallman acquired 400,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average cost of C$0.07 per share, with a total value of C$26,000.00. Insiders own 11.16% of the company’s stock.

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.