Chesapeake Gold (CVE:CKG) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Chesapeake Gold Corp. (CVE:CKGGet Free Report) crossed 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 traded.

Chesapeake Gold Price Performance

The business’s 50-day simple moving average is C$1.17 and its two-hundred day simple moving average is C$1.35. The stock has a market cap of C$71.18 million, a price-to-earnings ratio of -15.48 and a beta of 0.94.

About Chesapeake Gold

(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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