What’s GOLDMONEY INC Downside After Reaching 52-Week Low?

 What's GOLDMONEY INC Downside After Reaching 52 Week Low?

The stock of GOLDMONEY INC (TSE:XAU) hit a new 52-week low and has $3.26 target or 13.00% below today’s $3.75 share price. The 5 months bearish chart indicates high risk for the $261.65M company. The 1-year low was reported on Nov, 16 by Barchart.com. If the $3.26 price target is reached, the company will be worth $34.01M 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 16,400 shares traded hands. GOLDMONEY INC (TSE:XAU) has declined 5.06% since April 11, 2016 and is downtrending. It has underperformed by 9.75% the S&P500.

More notable recent GOLDMONEY INC (TSE:XAU) news were published by: Reuters.com which released: “BRIEF-Goldmoney Inc. reports financial results for second quarter 2017” on November 14, 2016, also Marketwatch.com with their article: “GoldMoney Inc. Opens the Market” published on April 21, 2016, Marketwired.com published: “Goldmoney Inc. Reports Financial Results for Second Quarter 2017” on November 14, 2016. More interesting news about GOLDMONEY INC (TSE:XAU) were released by: Marketwired.com and their article: “Goldmoney Inc. Unveils Unified Platform — The World’s Gold Network” published on August 02, 2016 as well as Businesswire.com‘s news article titled: “GoldMoney Inc. Launches Gold Payroll and Gold Payout Applications for the …” with publication date: May 18, 2016.

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