After Today’s Huge Decline, Is Golden Reign Resources Ltd.’s Near-Term Analysis Negative?


The stock of Golden Reign Resources Ltd. (CVE:GRR) is a huge mover today! The stock decreased 6.15% or $0.02 on September 13, hitting $0.305. About 379,300 shares traded hands or 32.83% up from the average. Golden Reign Resources Ltd. (CVE:GRR) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 9 months negative chart setup for the $49.02M company. It was reported on Sep, 13 by We have $0.27 PT which if reached, will make CVE:GRR worth $4.90M less.

Golden Reign Resources Ltd. is engaged in the acquisition and exploration of exploration and evaluation assets. The company has a market cap of $49.02 million. The Company’s primary exploration and evaluation asset is the San Albino-Murra Mining Concession, located in Nicaragua, which is in an advanced exploration stage. It currently has negative earnings. It focuses on acquiring, exploring and developing exploration and evaluation assets in Nicaragua.

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