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Chesapeake Gold (CVE:CKG) Stock Price Crosses Below 50-Day Moving Average - Here's Why

Chesapeake Gold logo with Basic Materials background
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Chesapeake Gold Corp. (CVE:CKG - Get Free Report)'s stock 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 traded.

Chesapeake Gold Stock Up 5.0 %

The stock has a market capitalization of C$71.18 million, a price-to-earnings ratio of -15.48 and a beta of 0.94. The business's 50-day moving average is C$1.15 and its two-hundred day moving average is C$1.33.

About Chesapeake Gold

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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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