Chesapeake Gold (CVE:CKG) Insider Alan Nigel Pangbourne Sells 42,000 Shares

Chesapeake Gold Corp. (CVE:CKG) insider Alan Nigel Pangbourne sold 42,000 shares of Chesapeake Gold stock in a transaction on Friday, December 19th. The shares were sold at an average price of C$3.19, for a total transaction of C$133,980.00. Following the completion of the sale, the insider owned 7,328,800 shares in the company, valued at approximately C$23,378,872. This trade represents a 0.57% decrease in their position.

Alan Nigel Pangbourne also recently made the following trade(s):

• On Monday, December 22nd, Alan Nigel Pangbourne sold 83,800 shares of Chesapeake Gold stock. The stock was sold at an average price of C$4.09, for a total transaction of C$342,742.00.
• On Tuesday, December 23rd, Alan Nigel Pangbourne sold 28,500 shares of Chesapeake Gold stock. The stock was sold at an average price of C$4.55, for a total transaction of C$129,675.00.

Chesapeake Gold Trading Up 10.9%

Shares of CKG opened at C$4.90 on Friday. Chesapeake Gold Corp. has a 1-year low of C$0.83 and a 1-year high of C$5.10. The firm’s 50-day moving average price is C$3.50 and its 200-day moving average price is C$2.57. The firm has a market capitalization of C$353.26 million, a price-to-earnings ratio of -81.67 and a beta of 1.86.

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.