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Chesapeake Gold shares jumped 20.9%–32.7% on Monday with no news, driven by speculation in the mining sector.
Chesapeake Gold (CVE:CKG) shares rose between 20.9% and 32.7% on Monday, reaching highs of C$4.46, amid a surge in trading volume—up 233% to 771% above average—though the company confirmed no operational or news-related catalyst.
The stock, with a market cap of around C$315 million, remains unprofitable with a negative P/E ratio and high volatility (beta of 1.79), trading well above its 50-day and 200-day moving averages.
The rally, centered on speculation and investor interest in the mining sector, lacks a clear fundamental driver.
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Las acciones de Chesapeake Gold saltaron un 20.9% a 32.7% el lunes sin noticias, impulsadas por la especulación en el sector minero.