The stock of Broadway Gold Mining Ltd (CVE:BRD) reached all time high today, Nov, 16 and still has $0.72 target or 87.00% above today’s $0.39 share price. This indicates more upside for the $9.15 million company. This technical setup was reported by Barchart.com. If the $0.72 PT is reached, the company will be worth $7.96 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 81,500 shares traded hands or 265.42% up from the average. Broadway Gold Mining Ltd (CVE:BRD) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
More important recent Broadway Gold Mining Ltd (CVE:BRD) news were published by: Investingnews.com which released: “Carolina Capital Changes Name to Broadway Gold Mining” on October 17, 2016, also Marketwired.com published article titled: “Duane Parnham Appointed to Broadway Gold Board and Named Chairman”, Stockhouse.com published: “IIROC Trade Resumption – Broadway Gold Mining Ltd.” on October 17, 2016. More interesting news about Broadway Gold Mining Ltd (CVE:BRD) was released by: Marketwired.com and their article: “Broadway Gold Mining Engages Primoris Group for Media and Investor Relations …” with publication date: October 18, 2016.
Broadway Gold Mining Ltd, formerly Carolina Capital Corp, is a Canada company, which owns an interest in the Madison Gold and Copper Mine . The company has a market cap of $9.15 million. The Madison Mine is subject to underlying royalties, located in the Silver Star Mining District of southeastern Montana. It currently has negative earnings. The Madison Mine is located approximately 40 kilometers southeast of Butte, Montana, the location of the Butte copper mine.
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