Chesapeake Gold (CVE:CKG) Sets New 52-Week High – Here’s What Happened

Chesapeake Gold Corp. (CVE:CKG) shares hit a new 52-week high on Tuesday . The stock traded as high as C$4.65 and last traded at C$4.48, with a volume of 167197 shares changing hands. The stock had previously closed at C$4.38.

Key Headlines Impacting Chesapeake Gold

Here are the key news stories impacting Chesapeake Gold this week:

• Neutral Sentiment: Chesapeake confirmed there is “no material change” known to management after heightened trading activity; the statement is intended to comply with disclosure rules and does not point to new operational developments. Chesapeake Confirms No Material Change
• Neutral Sentiment: A separate company notice reiterated that management is unaware of any operational reason behind the surge in trading, reinforcing that the price move appears not to be driven by disclosed company news. Chesapeake Gold Says No Operational Change Behind Surge in Trading

Chesapeake Gold Trading Up 2.3%

The firm has a 50 day simple moving average of C$2.54 and a 200 day simple moving average of C$2.09. The firm has a market capitalization of C$322.98 million, a PE ratio of -74.67 and a beta of 1.79.

About Chesapeake Gold

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.