Will Giyani Gold Corp Run Out of Steam Soon?

 Will Giyani Gold Corp Run Out of Steam Soon?

The stock of Giyani Gold Corp (CVE:WDG) hit a new 52-week high and has $1.23 target or 137.00% above today’s $0.52 share price. The 5 months bullish chart indicates low risk for the $35.19M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $1.23 price target is reached, the company will be worth $48.21 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 208,375 shares traded hands or 36.84% up from the average. Giyani Gold Corp (CVE:WDG) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.

More recent Giyani Gold Corp (CVE:WDG) news were published by: Marketwatch.com which released: “Giyani Gold Corp. Secures a CAD$25 Million Equity Investment Agreement from …” on June 11, 2014. Also Marketwired.com published the news titled: “Giyani Gold Retains BlackX Management for European Investor Relations” on September 30, 2016. Marketwired.com‘s news article titled: “Giyani Gold Announces Private Placement and Options Grant” with publication date: June 24, 2016 was also an interesting one.

Giyani Gold Corp. is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in South Africa and Canada. The company has a market cap of $35.19 million. The Company’s divisions include Canoe, South Africa Mining and Corporate. It currently has negative earnings. The Company’s projects include Hamlin-Deaty Creek Property, Coldstream Property and Kerrs Property.

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