The stock of Faircourt Gold Income Corp. (TSE:FGX) is a huge mover today! About 19,659 shares traded hands or 187.96% up from the average. Faircourt Gold Income Corp. (TSE:FGX) has risen 32.00% since April 1, 2016 and is uptrending. It has outperformed by 30.04% the S&P500.
The move comes after 8 months negative chart setup for the $21.37M company. It was reported on Nov, 8 by Barchart.com. We have $3.56 PT which if reached, will make TSE:FGX worth $2.35M less.
More recent Faircourt Gold Income Corp. (TSE:FGX) news were published by: Theglobeandmail.com which released: “Gold: Safe haven or just another volatile commodity?” on February 23, 2016. Also Theglobeandmail.com published the news titled: “Eye on Shorts: What bearish investors are betting against” on February 04, 2015. Seekingalpha.com‘s news article titled: “Gold Bullion ETFs, Closed-End Funds, Or Gold Mining Stocks – Which Is The Best …” with publication date: November 06, 2012 was also an interesting one.
Faircourt Gold Income Corp. is a closed-end fund. The company has a market cap of $21.37 million. The Firm provides investors with exposure to the global companies primarily involved in gold exploration, mining or production, while also providing a tax efficient yield in the form of monthly distributions. It currently has negative earnings. The Company’s investment objectives are to provide Shareholders with monthly distributions, initially targeted to yield approximately 5% per annum based on the issue price of $10.00 per Class A Share, and the opportunity for capital appreciation.
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