Continental Gold Inc (CNL) Shares Down 4.3%

Continental Gold Inc (TSE:CNL)’s share price was down 4.3% on Wednesday . The company traded as low as C$3.29 and last traded at C$3.32. Approximately 188,844 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 399,239 shares. The stock had previously closed at C$3.47.

Separately, Royal Bank Of Canada dropped 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 issued a buy rating to the company. Continental Gold presently has an average rating of “Buy” and a consensus price target of C$6.08.

The stock’s market capitalization is $592.38 million. The firm has a 50-day moving average price of $3.25 and a 200-day moving average price of $3.36.

In related news, Director Kenneth Glyndwr Thomas purchased 28,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average price of C$3.22 per share, with a total value of C$91,061.60. Insiders purchased a total of 40,027 shares of company stock worth $129,014 in the last three months.

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Continental Gold Company Profile

Continental Gold Inc, together with its subsidiaries, acquires, expl

Separately, Royal Bank Of Canada dropped 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 issued a buy rating to the company. Continental Gold presently has an average rating of “Buy” and a consensus price target of C$6.08.

The stock’s market capitalization is $592.38 million. The firm has a 50-day moving average price of $3.25 and a 200-day moving average price of $3.36.

In related news, Director Kenneth Glyndwr Thomas purchased 28,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average price of C$3.22 per share, with a total value of C$91,061.60. Insiders purchased a total of 40,027 shares of company stock worth $129,014 in the last three months.

ILLEGAL ACTIVITY NOTICE: This piece was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/20/continental-gold-inc-cnl-shares-down-4-3.html.

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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