Insider Buying: Continental Gold Inc (CNL) Director Buys 6,000 Shares of Stock
Continental Gold Inc (TSE:CNL) Director James Elvin Gallagher bought 6,000 shares of the stock in a transaction on Monday, October 30th. The shares were acquired at an average cost of C$3.09 per share, for a total transaction of C$18,540.00.
James Elvin Gallagher also recently made the following trade(s):
- On Tuesday, October 24th, James Elvin Gallagher purchased 13,500 shares of Continental Gold stock. The stock was purchased at an average cost of C$3.16 per share, for a total transaction of C$42,660.00.
Continental Gold Inc (TSE:CNL) traded down 1.59% on Tuesday, hitting $3.10. 335,568 shares of the stock traded hands. The stock’s market cap is $582.98 million. Continental Gold Inc has a 52-week low of $2.62 and a 52-week high of $5.75. The company’s 50 day moving average price is $3.20 and its 200-day moving average price is $3.32.
Separately, Royal Bank Of Canada decreased their price target on shares of Continental Gold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Friday, October 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Continental Gold 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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