Will Angkor Gold Corp Short Squeeze Soon?

 Will Angkor Gold Corp Short Squeeze Soon?

The stock of Angkor Gold Corp (CVE:ANK) hit a new 52-week low and has $0.37 target or 12.00% below today’s $0.43 share price. The 5 months bearish chart indicates high risk for the $41.48M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $0.37 price target is reached, the company will be worth $4.98M 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 51,500 shares traded hands or 17.68% up from the average. Angkor Gold Corp (CVE:ANK) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.

More notable recent Angkor Gold Corp (CVE:ANK) news were published by: Globenewswire.com which released: “ANGKOR GOLD CORP.: Discovery of Two New Mineral Targets in Cambodia” on October 28, 2014, also Investingnews.com with their article: “Angkor Gold” published on November 25, 2015, Juniorminingnetwork.com published: “Angkor Gold: Assay Results Confirm Gold at Okalla West Prospect” on November 09, 2016. More interesting news about Angkor Gold Corp (CVE:ANK) were released by: Marketwired.com and their article: “Angkor Announces Commencement of Preparation of Technical Report Under …” published on October 07, 2016 as well as Juniorminingnetwork.com‘s news article titled: “Angkor Gold Receives Environmental Approval for Phum Syarung Mine in Cambodia” with publication date: August 08, 2016.

Angkor Gold Corp. is a Canada-based mineral exploration company. The company has a market cap of $41.48 million. The Firm is focused on mineral property interests located in the Kingdom of Cambodia in the Banlung and Oyadao Regions. It currently has negative earnings. The Company’s licenses include Andong Meas Exploration License, Banlung Exploration License, Banlung North Exploration License, Oyadao Exploration License and Oyadao South Exploration License.

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