Chesapeake Gold (CVE:CKG) Trading 20.9% Higher – Time to Buy?

Chesapeake Gold Corp. (CVE:CKGGet Free Report) shares traded up 20.9% on Monday . The stock traded as high as C$4.13 and last traded at C$3.99. 219,194 shares traded hands during trading, an increase of 323% from the average session volume of 51,821 shares. The stock had previously closed at C$3.30.

Chesapeake Gold Stock Down 6.8%

The business’s 50-day moving average price is C$2.57 and its 200 day moving average price is C$2.11. The company has a market capitalization of C$307.12 million, a P/E ratio of -71.00 and a beta of 1.79.

Chesapeake Gold Company Profile

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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.

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