A Reversal for Sunridge Gold Corp Is Not Near. The Stock Rises Again
By Linda Rogers
The stock of Sunridge Gold Corp (CVE:SGC) is a huge mover today! The stock increased 1.72% or $0.005 on March 22, hitting $0.295. About 679,800 shares traded hands or 14.26% up from the average. Sunridge Gold Corp (CVE:SGC) has risen 6.00% since February 21, 2016 and is uptrending. It has outperformed by 7.91% the S&P500. The move comes after 9 months positive chart setup for the $62.03M company. It was reported on Mar, 22 by Barchart.com. We have $0.73 PT which if reached, will make CVE:SGC worth $91.80 million more.
Sunridge Gold Corp. is a Canada development-stage exploration company. The company has a market cap of $62.03 million. The Firm is engaged in the exploration and development of its Asmara Project in Eritrea through it 60% interest in Asmara Mining Share Company (AMSC), Eritrea. It currently has negative earnings. AMSC holds three exploration licenses in Eritrea that comprise the Asmara Project: the Medrizien exploration license, on which the Emba Derho and Kodadu deposits are located; the Debarwa exploration license, on which the Debarwa and Adi Rassi deposits are located, and the Adi Nefas exploration license, on which the Adi Nefas and Gupo deposits are located.
http://www.smallcapwired.com/a-reversal-for-sunridge-gold-corp-is-not-near-the-stock-rises-again/106094/
Received on Wed Mar 23 2016 - 06:25:01 EDT