The stock of G4G Capital Corp (CVE:GGC) gapped up by $0.04 today and has $2.32 target or 152.00% above today’s $0.92 share price. The 8 months technical chart setup indicates low risk for the $22.46M company. The gap was reported on Oct, 28 by Barchart.com. If the $2.32 price target is reached, the company will be worth $34.14M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 34,200 shares traded hands. G4G Capital Corp (CVE:GGC) has risen 6.00% since September 28, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.
More notable recent G4G Capital Corp (CVE:GGC) news were published by: Marketwatch.com which released: “PowerOne Capital Corp. and Pat DiCapo Acquire Securities of G4G Capital Corp.” on October 28, 2016, also Marketwired.com with their article: “G4G Capital Corp. Announces Closing of Private Placement and Option to Acquire …” published on October 28, 2016, Marketwired.com published: “G4G Capital Corp. Signs Letter Agreement to Acquire All Shawn Ryan and …” on September 21, 2016. More interesting news about G4G Capital Corp (CVE:GGC) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on May 20, 2009 as well as Nasdaq.com‘s news article titled: “2 Rumored Apple Watch Updates Are Missing 1 Important Feature” with publication date: August 09, 2016.
G4G Capital Corp., formerly G4G Resources Ltd., is a Canada junior natural resource-mining company. The company has a market cap of $22.46 million. The Firm is engaged in the business of acquiring and exploring mineral properties in the Yukon, Canada and other locations. It has a 92 P/E ratio. The Firm operates through a segment, being the acquisition, exploration and development of 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.