The stock of Japan Gold Corp (CVE:JG) reached all time low today, Nov, 24 and still has $0.31 target or 7.00% below today’s $0.33 share price. This indicates more downside for the $17.77 million company. This technical setup was reported by Barchart.com. If the $0.31 PT is reached, the company will be worth $1.24M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 2,500 shares traded hands. Japan Gold Corp (CVE:JG) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% 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 $17.77 million.
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