Chesapeake Gold (CVE:CKG) Sets New 52-Week Low – Should You Sell?

Shares of Chesapeake Gold Corp. (CVE:CKGGet Free Report) reached a new 52-week low on Friday . The company traded as low as C$1.00 and last traded at C$1.01, with a volume of 10946 shares trading hands. The stock had previously closed at C$1.03.

Chesapeake Gold Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 19.07 and a current ratio of 7.94. The company has a 50-day moving average price of C$1.76 and a 200-day moving average price of C$2.04. The firm has a market capitalization of C$69.07 million, a P/E ratio of -12.63 and a beta of 0.94.

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

Chesapeake Gold Company Profile

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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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