Insider Selling: Klondex Mines Ltd (KDX) Director Sells C$32,472.00 in Stock

Klondex Mines Ltd (TSE:KDX) Director William Matlack sold 4,400 shares of the firm’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of C$7.38, for a total value of C$32,472.00.

William Matlack also recently made the following trade(s):

  • On Friday, February 10th, William Matlack sold 24,600 shares of Klondex Mines stock. The shares were sold at an average price of C$7.41, for a total value of C$182,286.00.
  • On Thursday, February 9th, William Matlack sold 32,200 shares of Klondex Mines stock. The shares were sold at an average price of C$7.41, for a total value of C$238,602.00.
  • On Monday, February 6th, William Matlack sold 73,200 shares of Klondex Mines stock. The shares were sold at an average price of C$7.16, for a total value of C$524,112.00.

Klondex Mines Ltd (TSE:KDX) traded up 0.95% during trading on Tuesday, hitting $7.47. The company had a trading volume of 382,222 shares. The company has a market capitalization of $1.12 billion and a price-to-earnings ratio of 57.46. Klondex Mines Ltd has a 12-month low of $3.40 and a 12-month high of $7.95. The firm has a 50-day moving average of $6.64 and a 200 day moving average of $6.73.

Insider Buying and Selling by Quarter for Klondex Mines (TSE:KDX)

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A number of research analysts have recently commented on KDX shares. CIBC lowered their price target on Klondex Mines from C$8.00 to C$7.50 in a report on Friday, January 20th. Canaccord Genuity raised their price target on Klondex Mines from C$6.75 to C$7.00 in a report on Friday, February 3rd. Finally, Scotiabank reissued a “sector perform” rating and set a C$7.00 price target on shares of Klondex Mines in a report on Thursday, February 9th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$6.75.

About Klondex Mines

Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.

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