Strange little mention in the Australian today for Gold Road. The article makes no real sense because it doesn't mention GoldFields controlling interest in Gruyere or blocking stake in any takeover of GOR. I think it's a bit like someone mentioned on these threads the other day, Gold Road has gold in the name and that means it gets more exposure than some other gold stocks. I reckon the paper got the work experience student to write this article though.
I'm not a huge fan of moving averages on charts but the 200 day has been important for GOR in the past and today it has definitively broken out above it on good volume. Technical price target from a double bottom breakout would be ~85 cents. Seems more than achievable in the short term.
Ann: Gruyere Project Update January 2019, page-8
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Last
$1.74 |
Change
0.035(2.05%) |
Mkt cap ! $1.787B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.79 | $1.71 | $13.27M | 7.623M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 89155 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 86504 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| GOR (ASX) Chart |