Kestrel Gold (CVE:KGC) Shares Up 28.6% – Here’s Why

Kestrel Gold Inc. (CVE:KGC) shares shot up 28.6% on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 248,071 shares were traded during mid-day trading, an increase of 277% from the average session volume of 65,764 shares. The stock had previously closed at C$0.04.

Kestrel Gold Stock Down 11.1%

The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The company has a market cap of C$4.20 million, a price-to-earnings ratio of -2.50 and a beta of 1.49.

Insider Buying and Selling

In other news, insider John Bernard Kreft acquired 233,000 shares of Kestrel Gold stock in a transaction dated Thursday, April 17th. The stock was bought at an average cost of C$0.35 per share, with a total value of C$81,550.00. 37.71% of the stock is currently owned by company insiders.

About Kestrel Gold

Kestrel Gold Inc, an early-stage exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds 100% interest in the King Solomon Dome project located in Yukon Territory. It also has an option agreement to acquire 100% interest in the Fireweed located near Kitimat, British Columbia; and the flagship QCM project covering an area of 69 square kilometers located in northern British Columbia.