Will Highland Gold Mining Ltd Run Out of Steam Soon?

 Will Highland Gold Mining Ltd Run Out of Steam Soon?

The stock of Highland Gold Mining Ltd (LON:HGM) hit a new 52-week high and has GBX 221.12 target or 37.00% above today’s GBX 161.40 share price. The 7 months bullish chart indicates low risk for the GBX 524.96 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 221.12 price target is reached, the company will be worth GBX 194.24 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. The stock decreased 4.35% or GBX 7.35 on November 3, hitting GBX 161.4. About 2.21M shares traded hands or 37.27% up from the average. Highland Gold Mining Ltd (LON:HGM) has risen 124.29% since April 7, 2016 and is uptrending. It has outperformed by 123.07% the S&P500.

More news for Highland Gold Mining Ltd (LON:HGM) were recently published by: Fool.Co.Uk, which released: “Would Glencore plc, Fresnillo plc and Highland Gold Mining Ltd survive a …” on June 15, 2016. Fool.Co.Uk‘s article titled: “Are 88 Energy Ltd, Highland Gold Mining Ltd and Plexus Holdings plc too risky …” and published on May 12, 2016 is yet another important article.

Highland Gold Mining Limited is engaged in establishing a portfolio of gold mining activities within the Russian Federation. The company has a market cap of 524.96 million GBP. The Firm operates in four divisions: gold production, polymetallic concentrate production, development and exploration, and other. It has a 52.08 P/E ratio. The gold production segment comprises two divisions, namely Mnogovershinnoye and Belaya Gora (BG).

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