What’s Propelling CONTINENTAL GOLD INC to Decline So Much?

 What's Propelling CONTINENTAL GOLD INC to Decline So Much?

The stock of CONTINENTAL GOLD INC (TSE:CNL) is a huge mover today! About 298,296 shares traded hands. CONTINENTAL GOLD INC (TSE:CNL) has risen 60.17% since April 13, 2016 and is uptrending. It has outperformed by 55.55% the S&P500.
The move comes after 7 months negative chart setup for the $524.03M company. It was reported on Nov, 17 by Barchart.com. We have $3.23 PT which if reached, will make TSE:CNL worth $47.16 million less.

CONTINENTAL GOLD INC (TSE:CNL) Ratings Coverage

Out of 2 analysts covering Continental Gold Limited (TSE:CNL), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $6 is the highest target while $3.40 is the lowest. The $4.75 average target is 33.80% above today’s ($3.55) stock price. Continental Gold Limited has been the topic of 10 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of CONTINENTAL GOLD INC (TSE:CNL) earned “” rating by Dundee Securities on Thursday, August 18. On Wednesday, June 29 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was reinitiated by Dundee Securities on Thursday, February 4 with “Buy”.

More recent CONTINENTAL GOLD INC (TSE:CNL) news were published by: Seekingalpha.com which released: “What To Expect From Continental Gold In 2016” on December 03, 2015. Also Marketwatch.com published the news titled: “Continental Gold Extracts High-Grade Gold by Mechanized Long-Hole Mining at …” on February 04, 2016. Seekingalpha.com‘s news article titled: “Continental Gold: A Treasure Hidden In The Colombian Jungle” with publication date: October 13, 2015 was also an interesting one.

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