Insider Buying: Nighthawk Gold Corp (TSE:NHK) Insider Purchases C$119,700.00 in Stock

Nighthawk Gold Corp (TSE:NHK) insider Robert Douglas Cudney purchased 70,000 shares of the stock in a transaction on Thursday, July 30th. The stock was acquired at an average cost of C$1.71 per share, for a total transaction of C$119,700.00. Following the acquisition, the insider now owns 8,763,400 shares in the company, valued at C$14,985,414.

Shares of TSE:NHK traded up C$0.04 during trading on Friday, reaching C$1.79. The company had a trading volume of 328,051 shares, compared to its average volume of 120,834. The company has a fifty day moving average of C$2.19 and a two-hundred day moving average of C$1.86. The stock has a market capitalization of $78.18 million and a P/E ratio of -13.89. Nighthawk Gold Corp has a 12 month low of C$0.97 and a 12 month high of C$3.65.

Nighthawk Gold (TSE:NHK) last announced its earnings results on Friday, May 15th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Nighthawk Gold Corp will post -0.41 EPS for the current year.

Separately, Pi Financial decreased their price objective on shares of Nighthawk Gold from C$5.15 to C$3.00 and set a “buy” rating on the stock in a research report on Wednesday.

About Nighthawk Gold

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada. It owns a 100% interest in the Indin Lake Gold property covering an area of 222,203 acres located to the north of Yellowknife, the Northwest Territories, as well as Colomac Gold Project. The company was formerly known as Merc International Minerals Inc and changed its name to Nighthawk Gold Corp.

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Insider Buying and Selling by Quarter for Nighthawk Gold (TSE:NHK)

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