Klondike Gold (CVE:KG) Trading Up 9.4% – Here’s Why

Klondike Gold Corp. (CVE:KG) shot up 9.4% on Friday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 135,211 shares traded hands during trading, a decline of 33% from the average session volume of 202,078 shares. The stock had previously closed at C$0.16.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.59 target price on Klondike Gold and gave the company a “buy” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$0.59.

Klondike Gold Trading Up 9.4%

The company has a market cap of C$48.67 million, a PE ratio of -8.00 and a beta of 0.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.08 and a current ratio of 3.84. The company has a 50 day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.18.

Insider Activity at Klondike Gold

In related news, Director Peter Tallman sold 1,250,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$0.17, for a total transaction of C$212,500.00. Following the transaction, the director directly owned 27,623,403 shares of the company’s stock, valued at approximately C$4,695,978.51. The trade was a 4.33% decrease in their ownership of the stock. Corporate insiders own 11.16% of the company’s stock.

Klondike Gold Company Profile

Klondike Gold Corp., a resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. Its flagship project is the 100% owned Klondike District gold project located in Dawson City, Yukon Territory. The company was formerly known as Arbor Resources Inc and changed its name to Klondike Gold Corp. in January 1996. Klondike Gold Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.