Klondike Gold Corp. (CVE:KG – Get Free Report)’s stock price dropped 15.6% during mid-day trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.14. 568,490 shares were traded during mid-day trading, an increase of 166% from the average session volume of 214,119 shares. The stock had previously closed at C$0.16.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$0.59 price objective on Klondike Gold and gave the stock a “buy” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Klondike Gold has an average rating of “Buy” and an average target price of C$0.59.
Check Out Our Latest Analysis on Klondike Gold
Klondike Gold Trading Down 12.5%
Insider Activity
In other news, Director Peter Tallman sold 230,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$0.17, for a total transaction of C$39,100.00. Following the transaction, the director owned 28,873,403 shares in the company, valued at approximately C$4,908,478.51. The trade was a 0.79% decrease in their position. 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.
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