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Chesapeake Gold (CVE:CKG) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Chesapeake Gold logo with Basic Materials background

Chesapeake Gold Corp. (CVE:CKG - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.83 and traded as low as C$1.78. Chesapeake Gold shares last traded at C$1.84, with a volume of 17,333 shares.

Chesapeake Gold Price Performance

The stock has a fifty day moving average of C$1.83 and a two-hundred day moving average of C$2.17. The company has a current ratio of 7.94, a quick ratio of 19.07 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of C$130.62 million, a price-to-earnings ratio of -23.00 and a beta of 0.94.

Chesapeake Gold (CVE:CKG - Get Free Report) last released its earnings results on Monday, August 26th. The company reported C($0.01) earnings per share for the quarter.

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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