Continental Gold Inc (CNL) Director Buys C$20,400.00 in Stock
Continental Gold Inc (TSE:CNL) Director Christopher Joseph Sattler acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were acquired at an average cost of C$3.40 per share, with a total value of C$20,400.00.
Continental Gold Inc (TSE CNL) traded down 2.88% on Wednesday, reaching $3.37. 308,049 shares of the company’s stock were exchanged. The firm’s market capitalization is $478.15 million. Continental Gold Inc has a 12 month low of $2.62 and a 12 month high of $5.75. The firm has a 50-day moving average of $3.56 and a 200-day moving average of $3.95.
A number of equities research analysts recently weighed in on CNL shares. Scotiabank raised shares of Continental Gold from a “sector perform” rating to an “outperform” rating and set a C$5.50 price objective for the company in a research report on Monday, May 15th. Clarus Securities reaffirmed a “buy” rating on shares of Continental Gold in a research report on Friday, May 12th. Royal Bank Of Canada lowered their price objective on shares of Continental Gold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday, April 26th. Finally, TD Securities reaffirmed a “speculative buy” rating and set a C$6.50 price objective on shares of Continental Gold in a research report on Wednesday, April 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$6.17.
About Continental Gold
Continental Gold Limited is an exploration-stage company. The Company is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in Colombia. The Company holds the rights to explore and develop six properties in Colombia totaling approximately 122,317 hectares.
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