The stock of Strikepoint Gold Inc (CVE:SKP) hit a new 52-week high and has $1.00 target or 191.00% above today’s $0.35 share price. The 9 months bullish chart indicates low risk for the $9.08M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $1.00 price target is reached, the company will be worth $17.34 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 52,500 shares traded hands. Strikepoint Gold Inc (CVE:SKP) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
More recent Strikepoint Gold Inc (CVE:SKP) news were published by: Juniorminingnetwork.com which released: “Voltaic Minerals Corp. Announces Management Changes and Market Maker” on July 15, 2016. Also Seekingalpha.com published the news titled: “Linn Energy LLC: Why There’s More Downside To Come” on January 17, 2015. Reuters.com‘s news article titled: “StrikePoint Gold options angelina project to JOVG” with publication date: March 20, 2014 was also an interesting one.
StrikePoint Gold Inc. is an exploration-stage company. The company has a market cap of $9.08 million. The primary business of the Company is the acquisition and exploration of mineral properties in Canada. It currently has negative earnings. The Company’s exploration activities are focused on mineral exploration in the Lobstick area near Lake of the Woods, Ontario; on the Black Raven property in the Hemlo District, Ontario, and in the Angelina area in southeast Manitoba.
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