The stock of Japan Gold Corp (CVE:JG) reached all time low today, Nov, 3 and still has $0.31 target or 11.00% below today’s $0.35 share price. This indicates more downside for the $17.56M company. This technical setup was reported by Barchart.com. If the $0.31 PT is reached, the company will be worth $1.93 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 372,555 shares traded hands or 159.29% up from the average. Japan Gold Corp (CVE:JG) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
More notable recent Japan Gold Corp (CVE:JG) news were published by: Marketwired.com which released: “Japan Gold Corp. (Formerly Sky Ridge Resources Ltd.) Closes C$7 Million …” on September 16, 2016, also Marketwatch.com with their article: “Japan Gold Corp.” published on September 23, 2016, Marketwired.com published: “Japan Gold Invited to Speak at Tokyo Mining Investment Seminar, Files Early …” on September 23, 2016. More interesting news about Japan Gold Corp (CVE:JG) were released by: Fool.com and their article: “Why You Should (and Shouldn’t) Buy Barrick Gold Corporation Stock” published on August 29, 2016 as well as Seekingalpha.com‘s news article titled: “Goldcorp May Be This Year’s Best Gold Stock” with publication date: May 05, 2016.
Japan Gold Corp, formerly Sky Ridge Resources Ltd, is a Canada gold exploration firm that focuses on assets in Japan. The company has a market cap of $17.56 million.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.