For the amount of gold resources and production rate this still seems very undervalued. That inverse head and shoulder pattern posted gives a near term target around $3.60. Good to see WGX moving early. Maybe signalling the smart money coming in before gold starts to move substantially higher. The long term gold chart is forming what seems to be a cup and handle pattern. This gives a target of about $2800USD. Seems to be a lot of upside potential given the uncertain times we live in with unlimited government stimulus.
breakout chart, page-39
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Last
$2.42 |
Change
0.000(0.00%) |
Mkt cap ! $1.146B | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.43 | $2.33 | $7.887M | 3.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11224 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 18381 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WGX (ASX) Chart |