Continental Gold Inc (TSE:CNL) Director Christopher Joseph Sattler bought 6,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were bought at an average cost of C$3.40 per share, with a total value of C$20,400.00.
Shares of Continental Gold Inc (CNL) opened at 3.18 on Monday. The company has a 50 day moving average price of $3.49 and a 200 day moving average price of $3.83. Continental Gold Inc has a 12-month low of $2.62 and a 12-month high of $5.75. The company’s market capitalization is $598.02 million.
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A number of analysts have recently issued reports on the stock. Scotiabank reissued a “sector perform” rating and set a C$5.50 target price on shares of Continental Gold in a research note on Wednesday, April 26th. Royal Bank Of Canada lowered their target price on shares of Continental Gold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, April 26th. Clarus Securities restated a “buy” rating on shares of Continental Gold in a report on Friday, May 12th. Finally, TD Securities restated a “speculative buy” rating and issued a C$6.50 price objective on shares of Continental Gold in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Continental Gold has a consensus rating of “Buy” and an average target price of C$6.17.
About Continental Gold
Continental Gold Limited is an exploration-stage company. The Company is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in Colombia. The Company holds the rights to explore and develop six properties in Colombia totaling approximately 122,317 hectares.
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