Is Broadway Gold Mining Ltd a Buy? The Stock Reaches 52-Week High Today

 Is Broadway Gold Mining Ltd a Buy? The Stock Reaches 52 Week High Today

The stock of Broadway Gold Mining Ltd (CVE:BRD) hit a new 52-week high and has $0.85 target or 122.00% above today’s $0.39 share price. The 5 months bullish chart indicates low risk for the $9.15M company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $0.85 price target is reached, the company will be worth $11.16M 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 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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