Early week releases, like a Mon or Tues. releases bode well for typically quarterly statements. Bad news is often delivered towards the end of the week or after market in order to mitigate the impact of the news on SP. We see this release is roughly Tues morning, so management probably has a nice quarterly.
However, there are relatively high expectations from brokers as per reports, so the price will be determined based on if expectations are met or exceeded.
GXY Price at posting:
$3.13 Sentiment: None Disclosure: Held