Chesapeake Gold (CVE:CKG) Trading 28.7% Higher – Still a Buy?

Chesapeake Gold Corp. (CVE:CKG) shares were up 28.7% during mid-day trading on Friday . The stock traded as high as C$4.87 and last traded at C$4.58. Approximately 359,259 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 212,584 shares. The stock had previously closed at C$3.56.

Chesapeake Gold Stock Up 32.9%

The company’s fifty day moving average is C$3.97 and its two-hundred day moving average is C$2.81. The stock has a market cap of C$363.67 million, a price-to-earnings ratio of -78.83 and a beta of 1.59.

Insider Buying and Selling at Chesapeake Gold

In other news, insider Alan Nigel Pangbourne sold 28,500 shares of Chesapeake Gold stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$4.55, for a total transaction of C$129,675.00. Following the completion of the sale, the insider directly owned 7,216,500 shares of the company’s stock, valued at approximately C$32,835,075. The trade was a 0.39% decrease in their position. In the last quarter, insiders have sold 154,300 shares of company stock valued at $606,397. 32.91% of the stock is currently owned by company insiders.

About Chesapeake Gold

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. Chesapeake Gold Corp. was founded in 1993 and is headquartered in Vancouver, Canada.