Chesapeake Gold (CVE:CKG) Shares Up 32.9% – Still a Buy?

Shares of Chesapeake Gold Corp. (CVE:CKG) traded up 32.9% during mid-day trading on Friday . The company traded as high as C$5.12 and last traded at C$4.73. 634,085 shares were traded during mid-day trading, an increase of 189% from the average session volume of 219,244 shares. The stock had previously closed at C$3.56.

Chesapeake Gold Trading Up 32.9%

The business’s fifty day simple moving average is C$3.97 and its 200 day simple moving average is C$2.81. The stock has a market cap of C$363.67 million, a P/E ratio of -78.83 and a beta of 1.59.

Insider Activity at Chesapeake Gold

In related news, insider Alan Nigel Pangbourne sold 28,500 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 7,216,500 shares of the company’s stock, valued at approximately C$32,835,075. This represents a 0.39% decrease in their ownership of the stock. Insiders have sold a total of 154,300 shares of company stock valued at $606,397 over the last 90 days. Insiders own 32.91% of the company’s stock.

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.