Chesapeake Gold (CVE:CKG) Reaches New 52-Week Low – Here’s Why

Chesapeake Gold Corp. (CVE:CKG) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$0.90 and last traded at C$0.90, with a volume of 30780 shares trading hands. The stock had previously closed at C$0.93.

Chesapeake Gold Price Performance

The firm has a 50 day simple moving average of C$1.46 and a two-hundred day simple moving average of C$1.84. The stock has a market capitalization of C$58.82 million, a P/E ratio of -10.75 and a beta of 0.94. The company has a quick ratio of 19.07, a current ratio of 7.94 and a debt-to-equity ratio of 0.43.

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.