Snowline Gold Corp. (CVE:SGD - Get Free Report) shares fell 1.6% during trading on Monday . The company traded as low as C$5.00 and last traded at C$5.04. 42,901 shares changed hands during trading, a decline of 67% from the average session volume of 131,859 shares. The stock had previously closed at C$5.12.
Wall Street Analyst Weigh In
Separately, CIBC cut their target price on Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd.
Check Out Our Latest Report on Snowline Gold
Snowline Gold Stock Performance
The firm has a market capitalization of C$809.94 million, a P/E ratio of -28.39 and a beta of 0.81. The business has a fifty day moving average of C$5.34 and a 200-day moving average of C$5.28.
Insider Activity
In other news, Director Calum Macleod Morrison bought 25,000 shares of the business's stock in a transaction on Friday, December 6th. The stock was purchased at an average cost of C$5.05 per share, for a total transaction of C$126,200.00. Corporate insiders own 27.64% of the company's stock.
About Snowline Gold
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Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.
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