Could Atlantic Gold Corp Decline After Today’s Huge Increase?

 Could Atlantic Gold Corp Decline After Today's Huge Increase?

The stock of Atlantic Gold Corp (CVE:AGB) is a huge mover today! About 17,368 shares traded hands. Atlantic Gold Corp (CVE:AGB) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 8 months positive chart setup for the $146.04M company. It was reported on Nov, 24 by Barchart.com. We have $0.90 PT which if reached, will make CVE:AGB worth $5.84 million more.

Atlantic Gold Corp (CVE:AGB) Ratings Coverage

Out of 2 analysts covering Atlantic Gold Corp (CVE:AGB), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Atlantic Gold Corp has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. National Bank Canada initiated the stock with “Outperform” rating in Wednesday, August 12 report.

More recent Atlantic Gold Corp (CVE:AGB) news were published by: Business.Financialpost.com which released: “Podcast: Atlantic Gold Corp CEO Steve Dean on building a gold mine in Nova Scotia” on April 20, 2016. Also Cbc.ca published the news titled: “Gold mine hires 140 workers as it eyes ‘aggressive’ exploration of rural Nova …” on November 23, 2016. Marketwired.com‘s news article titled: “Atlantic Gold Secures $115 Million Project Debt Financing for the Development …” with publication date: February 22, 2016 was also an interesting one.

Atlantic Gold Corporation is a Canada exploration and development gold mining company. The company has a market cap of $146.04 million. The Firm is focused on advancing the development of its Nova Scotia properties, including its Moose River Consolidated Project , Cochrane Hill and Fifteen Mile Stream gold projects, as well as continuing to review potential acquisitions and investment opportunities. It currently has negative earnings. The Company’s properties include Touquoy Gold Project located at the former village of Moose River Gold Mines; Beaver Dam Property located in Halifax County, central Nova Scotia; Cochrane Hill Gold Project located south of the town of Antigonish, and Fifteen Mile Stream property located in eastern Halifax County, Nova Scotia.

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