Continental Gold Inc (CNL) Director Buys C$42,660.00 in Stock
Continental Gold Inc (TSE:CNL) Director James Elvin Gallagher purchased 13,500 shares of Continental Gold stock in a transaction that occurred on Tuesday, October 24th. The shares were purchased at an average cost of C$3.16 per share, with a total value of C$42,660.00.
Shares of Continental Gold Inc (TSE:CNL) traded down 0.158% during midday trading on Tuesday, hitting $3.155. 289,355 shares of the company traded hands. The company has a 50-day moving average price of $3.23 and a 200-day moving average price of $3.35. Continental Gold Inc has a 52 week low of $2.62 and a 52 week high of $5.75. The stock’s market capitalization is $593.32 million.
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Separately, Royal Bank Of Canada reduced their price target 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 Friday, October 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$6.08.
About Continental Gold
Continental Gold Inc, together with its subsidiaries, acquires, explores for, evaluates, and develops gold resource properties in Colombia. It holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,870 hectares.
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