Could Kirkland Lake Gold Inc. Change Direction After Today’s Huge Decline?

 Could Kirkland Lake Gold Inc. Change Direction After Today's Huge Decline?

The stock of Kirkland Lake Gold Inc. (TSE:KLG) is a huge mover today! The stock decreased 2.67% or $0.25 on November 2, hitting $9.13. About 962,993 shares traded hands or 6.69% up from the average. Kirkland Lake Gold Inc. (TSE:KLG) has risen 8.06% since March 29, 2016 and is uptrending. It has outperformed by 5.54% the S&P500.
The move comes after 6 months negative chart setup for the $1.08B company. It was reported on Nov, 2 by We have $8.67 PT which if reached, will make TSE:KLG worth $54.00M less.

More notable recent Kirkland Lake Gold Inc. (TSE:KLG) news were published by: which released: “What Kirkland Lake Gold Inc. Buying Newmarket Gold Inc. Means” on September 30, 2016, also with their article: “Kirkland Lake Gold Inc.” published on April 18, 2011, published: “Kirkland Lake Gold to take over Newmarket Gold in all-stock deal worth $1 billion” on September 29, 2016. More interesting news about Kirkland Lake Gold Inc. (TSE:KLG) were released by: and their article: “Kirkland Lake Gold: Delusion Of Grandeur” published on October 27, 2016 as well as‘s news article titled: “Kirkland Lake Gold and Newmarket Announce Filing of Joint Management …” with publication date: October 31, 2016.

Kirkland Lake Gold Inc. is an exploration gold mining company. The company has a market cap of $1.08 billion. The Company’s properties located in the Kirkland Lake gold camp, including the Macassa Mine Complex, are located near the town of Kirkland Lake, Ontario and consist of approximately five contiguous gold properties known as the Macassa, Lake Shore, Wright-Hargreaves, Teck-Hughes and Kirkland Minerals properties and their respective, formerly producing, underground gold mines. It has a 33.68 P/E ratio. The Company’s mines produces approximately 20 million ounces of gold at an average grade of over 15.1 grams per ton.

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