Could Faircourt Gold Income Corp. Rise Even More? The Stock Had Another Big Increase Today

 Could Faircourt Gold Income Corp. Rise Even More? The Stock Had Another Big Increase Today

The stock of Faircourt Gold Income Corp. (TSE:FGX) is a huge mover today! About 3,000 shares traded hands. Faircourt Gold Income Corp. (TSE:FGX) has risen 28.96% since March 29, 2016 and is uptrending. It has outperformed by 26.43% the S&P500.
The move comes after 8 months positive chart setup for the $22.80M company. It was reported on Nov, 2 by Barchart.com. We have $13.11 PT which if reached, will make TSE:FGX worth $45.14 million more.

More important recent Faircourt Gold Income Corp. (TSE:FGX) news were published by: Theglobeandmail.com which released: “Gold: Safe haven or just another volatile commodity?” on February 23, 2016, also Theglobeandmail.com published article titled: “Eye on Shorts: What bearish investors are betting against”, Seekingalpha.com published: “Gold Bullion ETFs, Closed-End Funds, Or Gold Mining Stocks – Which Is The Best …” on November 06, 2012. More interesting news about Faircourt Gold Income Corp. (TSE:FGX) was released by: Reuters.com and their article: “Faircourt Gold declares distribution” with publication date: October 20, 2014.

Faircourt Gold Income Corp. is a closed-end fund. The company has a market cap of $22.80 million. The Firm provides investors with exposure to the global companies primarily involved in gold exploration, mining or production, while also providing a tax efficient yield in the form of monthly distributions. It currently has negative earnings. The Company’s investment objectives are to provide Shareholders with monthly distributions, initially targeted to yield approximately 5% per annum based on the issue price of $10.00 per Class A Share, and the opportunity for capital appreciation.

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