Klondike Gold (CVE:KG) Stock Price Up 9.4% – Time to Buy?

Klondike Gold Corp. (CVE:KG)’s stock price rose 9.4% during trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.17. 135,211 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 202,078 shares. The stock had previously closed at C$0.16.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.59 price target on shares of Klondike Gold and gave the stock a “buy” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$0.59.

Klondike Gold Trading Up 9.4%

The firm has a market capitalization of C$48.67 million, a PE ratio of -8.00 and a beta of 0.20. The company has a quick ratio of 2.08, a current ratio of 3.84 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is C$0.16 and its 200 day simple moving average is C$0.18.

Insider Activity

In other news, Director Peter Tallman sold 1,250,000 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$0.17, for a total transaction of C$212,500.00. Following the transaction, the director directly owned 27,623,403 shares of the company’s stock, valued at approximately C$4,695,978.51. This represents a 4.33% decrease in their ownership of the stock. 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.