Chesapeake Gold (CVE:CKG) Sets New 52-Week High – Should You Buy?

Chesapeake Gold Corp. (CVE:CKG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$5.10 and last traded at C$5.06, with a volume of 375787 shares changing hands. The stock had previously closed at C$4.90.

Chesapeake Gold Price Performance

The firm has a market capitalization of C$320.81 million, a PE ratio of -74.17 and a beta of 1.86. The company has a fifty day moving average of C$3.50 and a 200-day moving average of C$2.57.

Insider Buying and Selling at Chesapeake Gold

In other news, insider Alan Nigel Pangbourne sold 28,500 shares of Chesapeake Gold stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$4.55, for a total transaction of C$129,675.00. Following the completion of the sale, the insider directly owned 7,216,500 shares in the company, valued at C$32,835,075. The trade was a 0.39% decrease in their position. Over the last three months, insiders sold 154,300 shares of company stock worth $606,397. 32.91% of the stock is owned by company insiders.

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.