Chesapeake Gold (CVE:CKG) Shares Up 8.9% – Should You Buy?

Chesapeake Gold Corp. (CVE:CKG) shares were up 8.9% on Tuesday . The company traded as high as C$3.38 and last traded at C$3.30. Approximately 130,474 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 184,118 shares. The stock had previously closed at C$3.03.

Chesapeake Gold Trading Up 7.9%

The company has a market cap of C$251.42 million, a price-to-earnings ratio of -54.50 and a beta of 1.82. The business’s 50 day moving average price is C$3.85 and its 200-day moving average price is C$3.14.

Chesapeake Gold Company Profile

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.