The stock of Golden Valley Mines Ltd. (CVE:GZZ) hit a new 52-week high and has $0.53 target or 47.00% above today’s $0.36 share price. The 5 months bullish chart indicates low risk for the $40.41 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $0.53 price target is reached, the company will be worth $18.99 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 last traded at $0.36 per share. It is down 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More notable recent Golden Valley Mines Ltd. (CVE:GZZ) news were published by: Marketwired.com which released: “Golden Valley Mines Ltd./Corporate Update: New Director Appointed to Board” on March 16, 2016, also Marketwired.com with their article: “Golden Valley Mines Ltd. Engages Maxit Capital LP as Financial Advisor” published on April 02, 2015, Marketwired.com published: “Golden Valley Mines 2014 Exploration Update” on July 18, 2014. More interesting news about Golden Valley Mines Ltd. (CVE:GZZ) were released by: Marketwired.com and their article: “Golden Valley Enters Into Option Agreement With Bonterra Resources Inc.” published on March 11, 2016 as well as Marketwired.com‘s news article titled: “Abitibi Royalties Update on Royalties at Canadian Malartic Mine” with publication date: October 31, 2016.
Golden Valley Mines Ltd. is engaged in the exploration and evaluation of minerals in Canada. The company has a market cap of $40.41 million. The Firm operates in a segment, being the sector of exploration and evaluation of mineral resources. It has a 7.36 P/E ratio. The Firm holds over 90 exploration and evaluation properties located in the Abitibi Greenstone Belt; the James Bay, Mistassini and Otish regions of northern Quebec; the Nunavik region of northern Quebec; the Athabasca Basin of Saskatchewan, and James Bay Lowlands of Ontario.
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