Insider Buying: Snowline Gold Corp. (CVE:SGD) Director Purchases 25,000 Shares of Stock

Snowline Gold Corp. (CVE:SGD) Director Calum Macleod Morrison acquired 25,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were purchased at an average cost of C$5.05 per share, for a total transaction of C$126,200.00.

Snowline Gold Price Performance

Shares of CVE:SGD opened at C$5.00 on Wednesday. The stock has a market cap of C$792.50 million, a P/E ratio of -27.78 and a beta of 0.81. Snowline Gold Corp. has a 1-year low of C$3.88 and a 1-year high of C$6.40. The firm has a fifty day moving average price of C$5.52 and a 200 day moving average price of C$5.36.

Analyst Upgrades and Downgrades

Separately, CIBC dropped their price target on Snowline Gold from C$9.00 to C$7.00 in a research note on Monday, December 2nd.

Snowline Gold Company Profile

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.