The stock of Pure Gold Mining Inc (CVE:PGM) is a huge mover today! The stock decreased 4.35% or $0.03 on October 31, hitting $0.66. About 275,945 shares traded hands. Pure Gold Mining Inc (CVE:PGM) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 5 months negative chart setup for the $115.59M company. It was reported on Oct, 31 by Barchart.com. We have $0.59 PT which if reached, will make CVE:PGM worth $11.56M less.
More notable recent Pure Gold Mining Inc (CVE:PGM) news were published by: Seekingalpha.com which released: “Insiders Are Buying Pure Gold Mining: Should You?” on October 21, 2016, also Juniorminingnetwork.com with their article: “Pure Gold Mining Drills 25.4 g/t Gold over 8 Metres at New Madsen Project Target” published on October 31, 2016, Mining.com published: “Vancouver junior off to the races on Red Lake drilling” on April 04, 2016. More interesting news about Pure Gold Mining Inc (CVE:PGM) were released by: Marketwired.com and their article: “Pure Gold Announces AGM Results” published on September 23, 2016 as well as Marketwatch.com‘s news article titled: “Pure Gold Announces Grant of Options” with publication date: October 13, 2016.
Pure Gold Mining Inc., formerly Laurentian Goldfields Ltd., is a gold-focused exploration and development company, which is engaged in the acquisition, exploration and development of mineral properties or interests in companies controlling mineral properties. The company has a market cap of $115.59 million. The Firm is focused on discovering mineralization on its property, the Madsen Gold Project, which is located in Red Lake greenstone belt. It currently has negative earnings. The Madsen Gold Project property is host to approximately three past-producing mines, existing mine infrastructure, Mineral Resources, and multiple prospective exploration targets in a geological setting analogous to other high grade discoveries in the Red Lake District.
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