Kestrel Gold (CVE:KGC) Shares Down 16.7% – Time to Sell?

Shares of Kestrel Gold Inc. (CVE:KGC) dropped 16.7% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 103,100 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 83,625 shares. The stock had previously closed at C$0.06.

Kestrel Gold Stock Performance

The firm has a market capitalization of C$5.26 million, a PE ratio of -2.50 and a beta of 1.49. The company’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.04.

Insider Activity

In other news, Senior Officer Jean Alice Sharp sold 150,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of C$0.27, for a total value of C$40,350.00. 37.71% of the stock is currently owned by company insiders.

Kestrel Gold Company Profile

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.