The stock of Broadway Gold Mining Ltd (CVE:BRD) hit a new 52-week high and has $0.55 target or 3.00% above today’s $0.53 share price. The 7 months bullish chart indicates low risk for the $15.65M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $0.55 price target is reached, the company will be worth $469,500 more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,000 shares traded hands. Broadway Gold Mining Ltd (CVE:BRD) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More recent Broadway Gold Mining Ltd (CVE:BRD) news were published by: Marketwired.com which released: “Broadway Gold Mining Engages Primoris Group for Media and Investor Relations …” on October 18, 2016. Also Investingnews.com published the news titled: “Carolina Capital Changes Name to Broadway Gold Mining” on October 17, 2016. Marketwired.com‘s news article titled: “Duane Parnham Appointed to Broadway Gold Board and Named Chairman” with publication date: October 19, 2016 was also an interesting one.
Broadway Gold Mining Ltd, formerly Carolina Capital Corp, is a Canada company, which owns an interest in the Madison Gold and Copper Mine . The company has a market cap of $15.65 million. The Madison Mine is subject to underlying royalties, located in the Silver Star Mining District of southeastern Montana. It currently has negative earnings. The Madison Mine is located approximately 40 kilometers southeast of Butte, Montana, the location of the Butte copper mine.