Is Buying Monarques Gold Corp Here a Winning Strategy?

 Is Buying Monarques Gold Corp Here a Winning Strategy?

The stock of Monarques Gold Corp (CVE:MQR) is a huge mover today! About 111,895 shares traded hands or 35.23% up from the average. Monarques Gold Corp (CVE:MQR) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 6 months positive chart setup for the $44.40M company. It was reported on Oct, 31 by Barchart.com. We have $0.59 PT which if reached, will make CVE:MQR worth $24.86 million more.

More notable recent Monarques Gold Corp (CVE:MQR) news were published by: Marketwired.com which released: “Rob McEwen and Greg Chamandy Make Strategic Investment in Monarques Gold Corp …” on May 26, 2016, also Prnewswire.com with their article: “Monarques Gold signs an agreement to acquire the Beacon mill and property in …” published on July 05, 2016, Prnewswire.com published: “Monarques Gold Awards Ressources Ménitik a Contract to Upgrade the Chimo Road” on October 12, 2016. More interesting news about Monarques Gold Corp (CVE:MQR) were released by: Stockhouse.com and their article: “Monarques Gold (V.MQR) poised to become the next big producer in Val-d’Or” published on January 15, 2016 as well as Prnewswire.com‘s news article titled: “Monarques Gold Stakes Nearly 30 km2 of Additional Ground at Croinor Gold” with publication date: October 19, 2016.

Monarques Gold Corp, formerly Monarques Resources Inc, is a Canada junior gold exploration firm engaged in the acquisition and exploration of mining properties. The company has a market cap of $44.40 million. It owns gold properties in Val-d’Or area consisting of approximately four properties, totaling over 390 claims, approximately two mining concessions and a mining lease. It currently has negative earnings. The Company’s properties include Croinor Gold, Regcourt Gold and Simkar Gold.

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