The stock of Auryn Resources Inc (TSE:AUG) hit a new 52-week high and has $6.50 target or 147.00% above today’s $2.63 share price. The 9 months bullish chart indicates low risk for the $194.14 million company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $6.50 price target is reached, the company will be worth $285.39 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. About 41,498 shares traded hands. Auryn Resources Inc (TSE:AUG) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
More recent Auryn Resources Inc (TSE:AUG) news were published by: Marketwired.com which released: “Auryn Resources to Acquire Homestake Resource Corporation” on June 14, 2016. Also Marketwatch.com published the news titled: “Auryn Resources Commences Work on Peruvian Portfolio” on October 14, 2016. Marketwired.com‘s news article titled: “Auryn Resources Completes Acquisition of Homestake Resource Corp.” with publication date: September 08, 2016 was also an interesting one.
Auryn Resources Inc., formerly Georgetown Capital Corp., is a junior exploration company. The company has a market cap of $194.14 million. The Firm is focused on the acquisition, exploration and development of mineral resource properties. It currently has negative earnings. The Firm holds interest in the Committee Bay Project in Nunavut, Canada.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.