Chesapeake Gold Corp. (CVE:CKG) Insider Acquires C$297,270.00 in Stock

Chesapeake Gold Corp. (CVE:CKG) insider 2176423 Ontario Ltd. bought 100,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of C$2.97 per share, with a total value of C$297,270.00.

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

• On Wednesday, May 22nd, 2176423 Ontario Ltd. purchased 100,000 shares of Chesapeake Gold stock. The shares were acquired at an average cost of C$2.58 per share, for a total transaction of C$257,520.00.

Chesapeake Gold Stock Performance

CVE CKG opened at C$2.38 on Friday. Chesapeake Gold Corp. has a 12-month low of C$1.06 and a 12-month high of C$3.22. The firm has a 50-day moving average price of C$2.33 and a two-hundred day moving average price of C$2.02. The company has a market capitalization of C$160.34 million, a P/E ratio of -26.44 and a beta of 0.86. The company has a quick ratio of 19.07, a current ratio of 12.09 and a debt-to-equity ratio of 0.43.

Chesapeake Gold (CVE:CKG) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported C($0.03) earnings per share (EPS) 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.