The stock of Japan Gold Corp (CVE:JG) hit a new 52-week low and has $0.33 target or 10.00% below today’s $0.37 share price. The 5 months bearish chart indicates high risk for the $18.90 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $0.33 price target is reached, the company will be worth $1.89M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 8,500 shares traded hands. Japan Gold Corp (CVE:JG) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More notable recent Japan Gold Corp (CVE:JG) news were published by: Marketwired.com which released: “Japan Gold Corp. (Formerly Sky Ridge Resources Ltd.) Closes C$7 Million …” on September 16, 2016, also Marketwatch.com with their article: “Japan Gold Corp.” published on September 23, 2016, Marketwired.com published: “Japan Gold Invited to Speak at Tokyo Mining Investment Seminar, Files Early …” on September 23, 2016. More interesting news about Japan Gold Corp (CVE:JG) were released by: Fool.com and their article: “Why You Should (and Shouldn’t) Buy Barrick Gold Corporation Stock” published on August 29, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Teranga Gold Corp updates on 2016 guidance” with publication date: October 30, 2016.
Japan Gold Corp, formerly Sky Ridge Resources Ltd, is a Canada gold exploration firm that focuses on assets in Japan. The company has a market cap of $18.90 million.
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