The stock of Pure Gold Mining Inc (CVE:PGM) is a huge mover today! The stock closed at $0.74 during the last session. It is up 6.00% since August 15, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 5 months negative chart setup for the $114.93M company. It was reported on Sep, 14 by Barchart.com. We have $0.64 PT which if reached, will make CVE:PGM worth $14.94 million less.
Pure Gold Mining Inc., formerly Laurentian Goldfields Ltd., is a gold-focused exploration and development company, which is engaged in the acquisition, exploration and development of mineral properties or interests in companies controlling mineral properties. The company has a market cap of $114.93 million. The Firm is focused on discovering mineralization on its property, the Madsen Gold Project, which is located in Red Lake greenstone belt. It currently has negative earnings. The Madsen Gold Project property is host to approximately three past-producing mines, existing mine infrastructure, Mineral Resources, and multiple prospective exploration targets in a geological setting analogous to other high grade discoveries in the Red Lake District.
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