The stock of Japan Gold Corp (CVE:JG) hit a new 52-week low and has $0.30 target or 4.00% below today’s $0.31 share price. The 6 months bearish chart indicates high risk for the $18.80M company. The 1-year low was reported on Nov, 23 by Barchart.com. If the $0.30 price target is reached, the company will be worth $752,000 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 170,700 shares traded hands or 80.96% up from the average. Japan Gold Corp (CVE:JG) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
More important recent Japan Gold Corp (CVE:JG) news were published by: Marketwired.com which released: “Japan Gold Corp. (Formerly Sky Ridge Resources Ltd.) Closes C$7 Million …” on September 16, 2016, also Marketwatch.com published article titled: “Japan Gold Corp.”, Investorideas.com published: “Gold in Japan, the Last Frontier” on October 03, 2016. More interesting news about Japan Gold Corp (CVE:JG) was released by: Marketwired.com and their article: “Japan Gold Invited to Speak at Tokyo Mining Investment Seminar, Files Early …” with publication date: September 23, 2016.
Japan Gold Corp, formerly Sky Ridge Resources Ltd, is a Canada gold exploration firm that focuses on assets in Japan. The company has a market cap of $18.80 million.
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