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

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

Analyst Ratings Changes

Separately, CIBC decreased their price objective on shares of Snowline Gold from C$9.00 to C$7.00 in a research report on Monday, December 2nd.

Snowline Gold Price Performance

The stock’s 50 day simple moving average is C$5.34 and its two-hundred day simple moving average is C$5.28. The firm has a market cap of C$809.94 million, a P/E ratio of -28.39 and a beta of 0.81.

Insider Buying and Selling at Snowline Gold

In other Snowline Gold news, Director Calum Macleod Morrison acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average cost of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is owned by company insiders.

About Snowline Gold

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.