Chesapeake Gold (CVE:CKG) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Chesapeake Gold Corp. (CVE:CKGGet Free Report)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.17 and traded as low as C$1.05. Chesapeake Gold shares last traded at C$1.05, with a volume of 6,985 shares.

Chesapeake Gold Price Performance

The firm has a market capitalization of C$71.18 million, a price-to-earnings ratio of -15.48 and a beta of 0.94. The stock has a fifty day moving average of C$1.17 and a two-hundred day moving average of C$1.35.

Chesapeake Gold Company Profile

(Get Free Report)

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.

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