Chesapeake Gold (CVE:CKG) Insider Alan Nigel Pangbourne Sells 83,800 Shares

Chesapeake Gold Corp. (CVE:CKG) insider Alan Nigel Pangbourne sold 83,800 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of C$4.09, for a total value of C$342,742.00. Following the transaction, the insider directly owned 7,245,000 shares in the company, valued at approximately C$29,632,050. This represents a 1.14% decrease in their ownership of the stock.

Alan Nigel Pangbourne also recently made the following trade(s):

• On Friday, December 19th, Alan Nigel Pangbourne sold 42,000 shares of Chesapeake Gold stock. The shares were sold at an average price of C$3.19, for a total transaction of C$133,980.00.
• On Tuesday, December 23rd, Alan Nigel Pangbourne sold 28,500 shares of Chesapeake Gold stock. The shares were sold at an average price of C$4.55, for a total transaction of C$129,675.00.

Chesapeake Gold Price Performance

CKG traded up C$0.48 during midday trading on Friday, reaching C$4.90. 271,877 shares of the company’s stock traded hands, compared to its average volume of 197,638. The stock has a market capitalization of C$353.26 million, a price-to-earnings ratio of -81.67 and a beta of 1.86. The firm has a fifty day moving average of C$3.50 and a two-hundred day moving average of C$2.56. Chesapeake Gold Corp. has a 52 week low of C$0.83 and a 52 week high of C$5.10.

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. Chesapeake Gold Corp. was founded in 1993 and is headquartered in Vancouver, Canada.