Insider Buying: Continental Gold Inc (CNL) Director Purchases 10,000 Shares of Stock
Continental Gold Inc (TSE:CNL) Director Christopher Joseph Sattler bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average cost of C$3.14 per share, for a total transaction of C$31,400.00.
Continental Gold Inc (TSE CNL) traded up C$0.14 during midday trading on Wednesday, reaching C$3.17. 192,050 shares of the company’s stock traded hands, compared to its average volume of 611,828. Continental Gold Inc has a 12 month low of C$2.62 and a 12 month high of C$5.75.
Several research analysts have commented on CNL shares. Royal Bank of Canada lowered 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 report on Friday, October 6th. Eight Capital lowered their price target on shares of Continental Gold from C$6.75 to C$5.85 in a report on Thursday, November 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Continental Gold presently has a consensus rating of “Buy” and a consensus price target of C$6.23.
Continental Gold Company Profile
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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