The stock of Monarques Gold Corp (CVE:MQR) is a huge mover today! The stock decreased 6.00% or $0.03 on September 13, hitting $0.47. About 186,000 shares traded hands. Monarques Gold Corp (CVE:MQR) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 7 months negative chart setup for the $58.74 million company. It was reported on Sep, 13 by Barchart.com. We have $0.42 PT which if reached, will make CVE:MQR worth $5.87 million less.
Monarques Gold Corp, formerly Monarques Resources Inc, is a Canada junior gold exploration firm engaged in the acquisition and exploration of mining properties. The company has a market cap of $58.74 million. It owns gold properties in Val-d’Or area consisting of approximately four properties, totaling over 390 claims, approximately two mining concessions and a mining lease. It currently has negative earnings. The Company’s properties include Croinor Gold, Regcourt Gold and Simkar Gold.
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