Snowline Gold (CVE:SGD) Trading Up 3.5% – What’s Next?

Snowline Gold Corp. (CVE:SGD) shares were up 3.5% during mid-day trading on Wednesday . The stock traded as high as C$5.94 and last traded at C$5.91. Approximately 121,190 shares traded hands during trading, an increase of 33% from the average daily volume of 91,176 shares. The stock had previously closed at C$5.71.

Analyst Ratings Changes

SGD has been the subject of several recent research reports. Scotiabank lowered their price objective on shares of Snowline Gold from C$9.50 to C$8.50 in a research note on Wednesday, January 15th. CIBC decreased their price target on shares of Snowline Gold from C$9.00 to C$7.00 in a research report on Monday, December 2nd.

Snowline Gold Stock Performance

The company has a market cap of C$903.45 million, a price-to-earnings ratio of -31.67 and a beta of 0.81. The business has a 50-day simple moving average of C$5.28 and a 200-day simple moving average of C$5.27.

Insider Activity at Snowline Gold

In other Snowline Gold news, Director Calum Macleod Morrison bought 25,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of C$5.05 per share, with a total value of C$126,200.00. 27.64% of the stock is owned by corporate insiders.

About Snowline Gold

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.