Some Traders Are Very Bullish on G4G Capital Corp After Today’s Gap Up

 Some Traders Are Very Bullish on G4G Capital Corp After Today's Gap Up

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.

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