Could GGX Gold Corp Change Direction After Reaching All-Time Low?

 Could GGX Gold Corp Change Direction After Reaching All Time Low?

The stock of GGX Gold Corp (CVE:GGX) reached all time low today, Oct, 19 and still has $0.23 target or 11.00% below today’s $0.26 share price. This indicates more downside for the $3.35 million company. This technical setup was reported by Barchart.com. If the $0.23 PT is reached, the company will be worth $368,500 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 106,750 shares traded hands or 33.89% up from the average. GGX Gold Corp (CVE:GGX) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.

More notable recent GGX Gold Corp (CVE:GGX) news were published by: Stockhouse.com which released: “Revolver Resources Inc. to Change Name to GGX Gold Corp.” on October 07, 2016, also Juniorminingnetwork.com with their article: “Stakeholder Gold Corp. Reports Issuance of Stock Options” published on January 19, 2015, Stockhouse.com published: “Golden Predator Discovers Coarse Visible Gold in New Vein at 3 Aces Project, Yukon” on August 15, 2016. More interesting news about GGX Gold Corp (CVE:GGX) were released by: Stockhouse.com and their article: “Sokoman Iron Corp. Commences Diamond Drilling at Startrek” published on August 22, 2016 as well as Stockhouse.com‘s news article titled: “92 Resources Corp. – Phase II Summer Work Program Update at Hidden Lake …” with publication date: August 30, 2016.

GGX Gold Corp, formerly Revolver Resources Inc, is a Canada exploration company. The company has a market cap of $3.35 million. The Firm is engaged in the discovery and development of mineral projects located in British Columbia, Canada. It currently has negative earnings. The Firm is engaged in the business of acquiring, exploring and evaluating natural resource properties.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment