A Reversal for Barkerville Gold Mines Ltd Is Not Near. The Stock Rises Again

The stock of Barkerville Gold Mines Ltd (CVE:BGM) is a huge mover today! The stock increased 1.82% or $0.01 on April 8, hitting $0.56. About 260,232 shares traded hands. Barkerville Gold Mines Ltd (CVE:BGM) has risen 6.00% since March 11, 2016 and is uptrending. It has outperformed by 0.93% the S&P500. The move comes after 5 months positive chart setup for the $159.91 million company. It was reported on Apr, 10 by Barchart.com. We have $0.89 PT which if reached, will make CVE:BGM worth $94.35 million more.

Barkerville Gold Mines is engaged in the exploration and production of mineral properties located in the Cariboo Mining District in east-central British Columbia. The company has a market cap of $159.91 million. The Firm controls approximately 117,442 hectares of mineral tenure, including three groups of contiguous Crown-Granted mineral claims, such as the Cariboo Group, Island Mountain Group and Mosquito Creek Group, as well as a block of contiguous mineral tenures centered on the Town of Wells, which is located approximately 85 kilometers east of Quesnel, British Columbia. It currently has negative earnings. The Company’s QR Mine & Mill is located approximately 58 kilometers southeast of Quesnel, in the Cariboo Mining District, and is in close proximity to the Company’s other mineral tenures.

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