Chesapeake Gold (CVE:CKG) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Chesapeake Gold Corp. (CVE:CKG) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.83 and traded as low as C$1.78. Chesapeake Gold shares last traded at C$1.84, with a volume of 17,333 shares.

Chesapeake Gold Trading Up 1.1 %

The stock has a market cap of C$125.84 million, a price-to-earnings ratio of -23.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.94 and a quick ratio of 19.07. The company’s fifty day moving average price is C$1.83 and its 200-day moving average price is C$2.17.

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

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.