Is Selling Monarques Gold Corp Here a Winning Strategy?

 Is Selling Monarques Gold Corp Here a Winning Strategy?

The stock of Monarques Gold Corp (CVE:MQR) is a huge mover today! About 119,019 shares traded hands or 49.27% up from the average. Monarques Gold Corp (CVE:MQR) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
The move comes after 9 months negative chart setup for the $38.97 million company. It was reported on Nov, 4 by Barchart.com. We have $0.28 PT which if reached, will make CVE:MQR worth $5.07M less.

More notable recent Monarques Gold Corp (CVE:MQR) news were published by: Marketwired.com which released: “Rob McEwen and Greg Chamandy Make Strategic Investment in Monarques Gold Corp …” on May 26, 2016, also Prnewswire.com with their article: “Monarques Gold closes the Acquisition of the Beacon Mill and Property in Val‑d’Or” published on November 01, 2016, Prnewswire.com published: “Monarques Gold signs an agreement to acquire the Beacon mill and property in …” on July 05, 2016. More interesting news about Monarques Gold Corp (CVE:MQR) were released by: Prnewswire.com and their article: “Monarques Gold Awards Ressources Ménitik a Contract to Upgrade the Chimo Road” published on October 12, 2016 as well as Stockhouse.com‘s news article titled: “Monarques Gold (V.MQR) poised to become the next big producer in Val-d’Or” with publication date: January 15, 2016.

Monarques Gold Corp, formerly Monarques Resources Inc, is a Canada junior gold exploration firm engaged in the acquisition and exploration of mining properties. The company has a market cap of $38.97 million. It owns gold properties in Val-d’Or area consisting of approximately four properties, totaling over 390 claims, approximately two mining concessions and a mining lease. It currently has negative earnings. The Company’s properties include Croinor Gold, Regcourt Gold and Simkar Gold.

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