Chesapeake Gold (CVE:CKG) Trading Down 2.5% – Here’s Why

Chesapeake Gold Corp. (CVE:CKG)’s stock price dropped 2.5% during mid-day trading on Wednesday . The stock traded as low as C$3.50 and last traded at C$3.50. Approximately 36,184 shares changed hands during trading, a decline of 78% from the average daily volume of 162,074 shares. The stock had previously closed at C$3.59.

Chesapeake Gold Price Performance

The firm has a fifty day moving average price of C$3.62 and a two-hundred day moving average price of C$3.37. The stock has a market capitalization of C$259.11 million, a PE ratio of -56.17 and a beta of 2.14.

Chesapeake Gold Company Profile

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.