Kestrel Gold (CVE:KGC) Shares Up 27.3% – Time to Buy?

Kestrel Gold Inc. (CVE:KGC) shares shot up 27.3% during mid-day trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.07. 664,564 shares traded hands during mid-day trading, an increase of 737% from the average session volume of 79,427 shares. The stock had previously closed at C$0.06.

Kestrel Gold Stock Performance

The company’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.03. The company has a market cap of C$7.88 million, a price-to-earnings ratio of -2.50 and a beta of 1.49.

Insider Activity at Kestrel Gold

In other news, insider John Bernard Kreft bought 233,000 shares of the firm’s stock in a transaction on Thursday, April 17th. The stock was bought at an average cost of C$0.35 per share, for a total transaction of C$81,550.00. 37.71% of the stock is currently owned by 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.