After Today’s Huge Decline, Is Pure Gold Mining Inc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Pure Gold Mining Inc's Near Term Analysis Negative?

The stock of Pure Gold Mining Inc (CVE:PGM) is a huge mover today! About 290,956 shares traded hands. Pure Gold Mining Inc (CVE:PGM) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
The move comes after 7 months negative chart setup for the $76.14 million company. It was reported on Nov, 23 by Barchart.com. We have $0.42 PT which if reached, will make CVE:PGM worth $5.33 million less.

More important recent Pure Gold Mining Inc (CVE:PGM) news were published by: Seekingalpha.com which released: “Insiders Are Buying Pure Gold Mining: Should You?” on October 21, 2016, also Mining.com published article titled: “Vancouver junior off to the races on Red Lake drilling”, Marketwired.com published: “Pure Gold Announces Agreement to Sell Non-Core Assets to Premier Gold for $5 …” on December 02, 2015. More interesting news about Pure Gold Mining Inc (CVE:PGM) was released by: Juniorminingnetwork.com and their article: “Pure Gold Mining Drills 25.4 g/t Gold over 8 Metres at New Madsen Project Target” with publication date: October 31, 2016.

Pure Gold Mining Inc., formerly Laurentian Goldfields Ltd., is a gold-focused exploration and development company, which is engaged in the acquisition, exploration and development of mineral properties or interests in companies controlling mineral properties. The company has a market cap of $76.14 million. The Firm is focused on discovering mineralization on its property, the Madsen Gold Project, which is located in Red Lake greenstone belt. It currently has negative earnings. The Madsen Gold Project property is host to approximately three past-producing mines, existing mine infrastructure, Mineral Resources, and multiple prospective exploration targets in a geological setting analogous to other high grade discoveries in the Red Lake District.

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