The stock of Marlin Gold Mining Ltd (CVE:MLN) hit a new 52-week high and has $1.37 target or 129.00% above today’s $0.60 share price. The 8 months bullish chart indicates low risk for the $109.74M company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $1.37 price target is reached, the company will be worth $141.56M 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 28,000 shares traded hands or 7.01% up from the average. Marlin Gold Mining Ltd (CVE:MLN) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
More notable recent Marlin Gold Mining Ltd (CVE:MLN) news were published by: Marketwired.com which released: “Wexford Updates Disclosure of Ownership of Marlin Gold Mining Ltd.” on May 17, 2016, also Marketwired.com with their article: “Marlin Gold Mining Ltd. Announces Intention to Commence a Normal Course Issuer Bid” published on February 23, 2016, Marketwatch.com published: “Marlin Gold Mining Ltd.” on November 21, 2013. More interesting news about Marlin Gold Mining Ltd (CVE:MLN) were released by: Marketwired.com and their article: “Marlin Gold Mining Ltd. Completes Sale of Non-Core El Compas Gold-Silver …” published on October 30, 2015 as well as Marketwired.com‘s news article titled: “Marlin Gold Mining Ltd. Closes Streaming Transaction to Launch Sailfish …” with publication date: July 10, 2014.
Marlin Gold Mining Ltd. is engaged in the exploration for, development of and production of gold in Mexico, silver in Arizona and acquiring royalty streaming agreements. The company has a market cap of $109.74 million. The Firm operates through the production of gold and exploration of resources segment. It currently has negative earnings. The Company’s principal product is gold dore with the refined gold bullion sold in the London spot market by the subsidiary in Barbados.
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