What Next for Gobimin Inc. Stock After Today’s Huge Decline?

 What Next for Gobimin Inc. Stock After Today's Huge Decline?

The stock of Gobimin Inc. (CVE:GMN) is a huge mover today! About 171,500 shares traded hands or 1190.15% up from the average. Gobimin Inc. (CVE:GMN) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
The move comes after 7 months negative chart setup for the $27.79M company. It was reported on Nov, 15 by Barchart.com. We have $0.44 PT which if reached, will make CVE:GMN worth $3.33M less.

More notable recent Gobimin Inc. (CVE:GMN) news were published by: Reuters.com which released: “BRIEF-Press release – GobiMin extended a loan agreement” on October 06, 2016, also Theglobeandmail.com with their article: “Nine ‘net-net’ stocks to buy” published on January 05, 2014, Theglobeandmail.com published: “Net-net capital portfolio not for faint of heart” on January 07, 2013. More interesting news about Gobimin Inc. (CVE:GMN) were released by: Theglobeandmail.com and their article: “Exclusive rankings of Canada’s most profitable companies” published on June 24, 2015 as well as Reuters.com‘s news article titled: “Press release – GobiMin extended a loan agreement” with publication date: October 06, 2016.

GobiMin Inc. is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of the People’s Republic of China (China). The company has a market cap of $27.79 million. The Firm is engaged in the development of the Sawayaerdun Gold Project (Gold Project) and other exploration projects. It has a 41.12 P/E ratio. It holds an equity interest of over 70% in Xinjiang Tongyuan Minerals Limited (Tongyuan) to explore, develop and operate the Gold Project located in Xinjiang.

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