Klondike Gold (CVE:KG) PT Set at C$0.59 by Fundamental Research

Klondike Gold (CVE:KG) received a C$0.59 price target from stock analysts at Fundamental Research in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s price target indicates a potential upside of 227.78% from the stock’s previous close.

Klondike Gold Price Performance

Shares of CVE:KG traded down C$0.01 during midday trading on Tuesday, hitting C$0.18. The company had a trading volume of 3,000 shares, compared to its average volume of 246,221. Klondike Gold has a twelve month low of C$0.08 and a twelve month high of C$0.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.84 and a quick ratio of 2.09. The stock has a market cap of C$45.70 million, a price-to-earnings ratio of -8.00 and a beta of 0.40. The business’s 50-day simple moving average is C$0.18 and its 200-day simple moving average is C$0.17.

Insider Activity at Klondike Gold

In related news, Director Peter Tallman sold 230,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$0.17, for a total value of C$39,100.00. Following the completion of the sale, the director owned 28,873,403 shares of the company’s stock, valued at approximately C$4,908,478.51. This trade represents a 0.79% decrease in their ownership of the stock. Corporate insiders own 11.16% of the company’s stock.

About Klondike Gold

Klondike Gold Corp., a resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. Its flagship project is the 100% owned Klondike District gold project located in Dawson City, Yukon Territory. The company was formerly known as Arbor Resources Inc and changed its name to Klondike Gold Corp. in January 1996. Klondike Gold Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.