Does NewCastle Gold Ltd Have Any Gas After Today’s Huge Decline?


The stock of NewCastle Gold Ltd (CVE:NCA) is a huge mover today! The stock 0.40% or $0 on September 13, hitting $1.23. It is down 6.00% since August 15, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months negative chart setup for the $210.26 million company. It was reported on Sep, 14 by We have $1.07 PT which if reached, will make CVE:NCA worth $27.33M less.

Out of 2 analysts covering Newcastle Gold Ltd (CVE:NCA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Newcastle Gold Ltd has been the topic of 3 analyst reports since December 9, 2015 according to StockzIntelligence Inc.

NewCastle Gold Ltd., formerly Castle Mountain Mining Company Limited, is an exploration gold company. The company has a market cap of $210.26 million. The Company, through its subsidiaries, including Castle Mountain Venture, focuses on the exploration and development of gold deposits in its Permitted Castle Mountain Gold Project, which is in San Bernardino County, California, approximately 70 miles south of Las Vegas, Nevada. It currently has negative earnings. The Castle Mountain Property consists of patented lode claims, unpatented lode and millsite claims, and placer claims for an aggregate total of over 7,460 acres.

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