Snowline Gold (CVE:SGD) Sets New 12-Month High – Here’s What Happened

Snowline Gold Corp. (CVE:SGD) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$6.39 and last traded at C$6.34, with a volume of 71883 shares trading hands. The stock had previously closed at C$6.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SGD shares. CIBC lowered their price objective on shares of Snowline Gold from C$9.00 to C$7.00 in a report on Monday, December 2nd. Scotiabank decreased their target price on Snowline Gold from C$9.50 to C$8.50 in a research report on Wednesday, January 15th.

Snowline Gold Stock Performance

The company has a market cap of C$1.02 billion, a P/E ratio of -58.33 and a beta of 0.81. The business’s fifty day moving average is C$5.39 and its two-hundred day moving average is C$5.36.

Insiders Place Their Bets

In other Snowline Gold news, Director Calum Macleod Morrison bought 25,000 shares of the business’s stock in a transaction on 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 currently owned by company insiders.

Snowline Gold Company Profile

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.