Chesapeake Gold (CVE:CKG) Hits New 52-Week Low – Time to Sell?

Chesapeake Gold Corp. (CVE:CKGGet Free Report) reached a new 52-week low on Monday . The company traded as low as C$0.92 and last traded at C$0.97, with a volume of 93200 shares. The stock had previously closed at C$0.97.

Chesapeake Gold Stock Performance

The company has a market cap of C$66.34 million, a price-to-earnings ratio of -12.25 and a beta of 0.94. The firm’s 50 day simple moving average is C$1.55 and its 200-day simple moving average is C$1.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 19.07 and a current ratio of 7.94.

About Chesapeake Gold

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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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