Snowline Gold (CVE:SGD) Stock Price Down 1.6% – Should You Sell?

Snowline Gold Corp. (CVE:SGD)’s share price fell 1.6% on Monday . The stock traded as low as C$5.00 and last traded at C$5.04. 42,901 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 131,859 shares. The stock had previously closed at C$5.12.

Analysts Set New Price Targets

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 Price Performance

The business has a fifty day moving average of C$5.39 and a 200-day moving average of C$5.28. The stock has a market cap of C$798.84 million, a PE ratio of -28.00 and a beta of 0.81.

Insider Activity

In related news, Director Calum Macleod Morrison purchased 25,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of C$5.05 per share, for a total transaction of C$126,200.00. Insiders own 27.64% of the company’s stock.

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.