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

Shares of Snowline Gold Corp. (CVE:SGD) 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.

Wall Street Analyst Weigh In

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

Snowline Gold Stock Down 1.6 %

The company has a market capitalization of C$798.84 million, a PE ratio of -28.00 and a beta of 0.81. The company has a 50-day moving average price of C$5.39 and a two-hundred day moving average price of C$5.28.

Insider Transactions at Snowline Gold

In related news, Director Calum Macleod Morrison bought 25,000 shares of the stock in a transaction dated Friday, December 6th. The stock was bought at an average price of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is owned by insiders.

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.