Corvus Gold (KOR) Sets New 1-Year Low on Insider Selling

Corvus Gold Inc (TSE:KOR) shares hit a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as C$1.75 and last traded at C$1.77, with a volume of 222700 shares. The stock had previously closed at C$1.80.

Specifically, Senior Officer Peggy Wu sold 65,000 shares of Corvus Gold stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of C$1.75, for a total value of C$113,750.00. Following the completion of the sale, the insider now directly owns 321,500 shares in the company, valued at C$562,625.

Several research firms recently weighed in on KOR. HC Wainwright decreased their price objective on Corvus Gold from C$4.20 to C$3.70 in a report on Friday, January 11th. Roth Capital restated a “buy” rating on shares of Corvus Gold in a report on Monday, March 25th.

The firm has a market capitalization of $196.20 million and a P/E ratio of -18.63.

Corvus Gold (TSE:KOR) last announced its earnings results on Tuesday, April 2nd. The company reported C($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.02). As a group, equities analysts predict that Corvus Gold Inc will post -0.06 earnings per share for the current fiscal year.

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About Corvus Gold (TSE:KOR)

Corvus Gold Inc acquires, explores, and develops mineral properties primarily in the United States. Its principal mineral property is the North Bullfrog Project, a gold-silver mining project that consists of patented and unpatented mining claims covering an area of approximately 7,223 hectares located in northwestern Nye County, Nevada.

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