What’s Propelling Barkerville Gold Mines Ltd to Decline So Much?

 What's Propelling Barkerville Gold Mines Ltd to Decline So Much?

The stock of Barkerville Gold Mines Ltd (CVE:BGM) is a huge mover today! About 75,545 shares traded hands. Barkerville Gold Mines Ltd (CVE:BGM) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
The move comes after 7 months negative chart setup for the $162.95 million company. It was reported on Nov, 18 by Barchart.com. We have $0.43 PT which if reached, will make CVE:BGM worth $22.81 million less.

More notable recent Barkerville Gold Mines Ltd (CVE:BGM) news were published by: Juniorminingnetwork.com which released: “Barkerville Gold Mines Enters into Relationship Agreement with Lhtako Dene …” on November 17, 2016, also Juniorminingnetwork.com with their article: “Barkerville Gold Mines Intersects 11.50 Metres Grading 10.34 g/t Gold” published on November 15, 2016, Marketwatch.com published: “Barkerville Gold Mines Provides Corporate Update” on July 06, 2016. More interesting news about Barkerville Gold Mines Ltd (CVE:BGM) were released by: Marketwired.com and their article: “Osisko Mining Announces Acquisition of Common Shares of Barkerville Gold” published on August 08, 2016 as well as Marketwatch.com‘s news article titled: “Barkerville Gold Mines Grants Stock Options” with publication date: March 08, 2016.

Barkerville Gold Mines Ltd. is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The company has a market cap of $162.95 million. The Firm controls approximately 117,440 hectares of mineral tenure, including over three historic groups of contiguous Crown-Granted mineral claims, namely the Cariboo Group, Island Mountain Group and Mosquito Creek Group, as well as a block of contiguous mineral tenures centered around the Town of Wells, which is located approximately 80 kilometers east of Quesnel, British Columbia. It currently has negative earnings. The Company’s QR Mine & Mill is located approximately 60 kilometers southeast of Quesnel, in the Cariboo Mining District.

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